Question
Prepare the income statement of Arthur Company for the period ended 31 December, 2022 (30 point). Prepare the statement of financial position of Arthur Company
- Prepare the income statement of Arthur Company for the period ended 31 December, 2022 (30 point).
- Prepare the statement of financial position of Arthur Company at the date of 31 December, 2022
(40 point).
ARTHUR COMPANY
ADJUSTED TRIAL BALANCE
December 31,2022
ACCOUNT NAMES
CASH ON HAND
CHEQUES RECEIVED
BANKS
ACCOUNTS RECEIVABLE
NOTES RECEIVABLE
SUPPLIES
COMMERCIAL GOODS
EQUIPMENTS
FURNITURES
INVESTMENT IN REAL ESTATE
ACCUMULATED DEPRECIATION (for equipments)
GOODWILL
TRADE PAYABLES
MORTGAGE LOANS (due in 5 years)
UNEARNED SERVICE REVENUE
NOTES PAYABLE (due in 3 years)
SHARE CAPITAL
SALES
COST OF GOODS SOLD
INTEREST REVENUE
OTHER REVENUES
SALARIES EXPENSE
RENT EXPENSE
UTILITIES EXPENSE
DEPRECIATION EXPENSE
INTEREST EXPENSE
WITHDRAWALS
DEBIT COLUMN
150.000
25.000
6.000
20.700
20.000
30.000
5.000
90.000
30.000
33.300
5.000
100.000
3.000
6.000
2.000
18.000
1.000
5.000
CREDIT COLUMN
10.000
93.600
59.000
35.200
116.200
100.000
130.000
1.000
5.000
TOTAL
550.000
550.000
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
