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prepare financial reports Prepare Financial Reports Revision Wow is a Trial Balance for SC T e ase complete the following a) A Worksheet b) A
prepare financial reports
Prepare Financial Reports Revision Wow is a Trial Balance for SC T e ase complete the following a) A Worksheet b) A Classified Income Statement c) A Classified Balance Sheet SCB Trading Trial Balance as at 30th June 2018 DR 8090 16467 5193 980 50200 10000 70740 52624 6000 Account Cash At Bank Accounts Receivable Stock (1 July 2017) GST Paid Land Delivery Vehicle Plant Accumulated Dep - Plant Shares in ABC Pty Ltd Accounts Payable GST Collected Capital Sales Interest Received Purchases Sales Salaries Insurance Office Salaries General Office Expenses Bad Debts Advertising Delivery Vehicle Expenses Loan from NAB (payable in 10years) Drawings 3652 2260 102209 90717 800 Revenue 35748 18570 680 17927 4103 Pence Expence 53 7611 4500 9600 5000 261,862 2 61,862 Additional Information Stock at 30 June, 2018 was valued at $5781 Insurance Expense owing $1800 plus GST Make an Allowance for Doubtful Debts of $494 Interest Income Received in Advance $200 Depreciation on Plant 10% Reducing Balance method (Round to nearest $) Step by Step Solution
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