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QUALITY SERVICES LIMITED TIRAL BALANCE WORKINGS Quality Services Ltd (QS Ltd.) was established on 1 April 2017 to provide various maintenance services to textile industry.

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QUALITY SERVICES LIMITED TIRAL BALANCE WORKINGS Quality Services Ltd (QS Ltd.) was established on 1 April 2017 to provide various maintenance services to textile industry. A summarized bank book of the company for the quarter ended 30 June 2017 is as follows: Payments Receipts f 50,000 1.200 650 4.500 Opening of a bank account in the name of QS Ltd Purchase of a vehicle on commencement of the business Supplies Maintenance services Cash given for petty office expenses Utility bills (electricity gas, telephone etc.) Wages and salaries Owner's personal expenses Office rent for the nine months ending 31 Dec 2017 Bank charges 300 250 14,500 390 900 10 18.200 Total 54.500 Additional Information: 1 On 1 Apr 2017, a machine costing 24,000 was purchased for business use. The owner paid the amount from his personal bank account in May 2017 2) Supplies costing 850 were purchased during the quarter. 3) Unused supplies as at 30 June 2017 amounted to 350 - Payment of utility bills includes refundable deposits of 20 1) Electricity bill of 450 for June 2017 was received in July 2017 ) Vouchers of 250 for petty office expenses were submitted during the quarter. 1) Wages and salaries include payment of supervisor's salary for July 2017 amount to 1500 A bank advice of 500 dated 30 June 2017 for bank charges was received on 4 July 2017 Maintenance services for 700 have been rendered during the quarter but the amount due has not yet been received 10) Maintenance services against collections of 1,250 will be rendered in the next quarter. 1) Qs Ltd, adopted the policy of charging depreciation on fixed assets @ 20% per annum on a straight line basis. Depreciation is to be charged from the month of the assets are available for use Required: - Prepare a Trial Balance for the quarter ended 30 June 2017 incoorporating all the adjustments necessary for aecrual basis of Accounting (Ledger accounts are not required)

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