Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Question 1 The following trial balance is extracted from the books of Alpha Ltd as at 30 June 2020. Dr $000 Sooo 45 1,500 28

image text in transcribed

Question 1 The following trial balance is extracted from the books of Alpha Ltd as at 30 June 2020. Dr $000 Sooo 45 1,500 28 330 950 418 150 54 80 99 Inventory 1 July 2019 Sales Rental income Land at cost Buildings - at cost - accumulated depreciation Vehicles - at cost - accumulated depreciation Equipment Accounts receivable and payable General distribution costs General administrative expenses Director's fees Dividend paid Ordinary shares Allowance for doubtful debts Bank Purchases Retained earnings at 1 July 2019 10% Long term loan Long term loan interest 125 145 220 78 77 220 12 18 450 196 110 5 2,655 2,655 1 Question 1 The following trial balance is extracted from the books of Alpha Ltd as at 30 June 2020. Dr $000 Sooo 45 1,500 28 330 950 418 150 54 80 99 Inventory 1 July 2019 Sales Rental income Land at cost Buildings - at cost - accumulated depreciation Vehicles - at cost - accumulated depreciation Equipment Accounts receivable and payable General distribution costs General administrative expenses Director's fees Dividend paid Ordinary shares Allowance for doubtful debts Bank Purchases Retained earnings at 1 July 2019 10% Long term loan Long term loan interest 125 145 220 78 77 220 12 18 450 196 110 5 2,655 2,655 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

South Western Federal Taxation 2014 Comprehensive Volume

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

37th Edition

9781285180922

Students also viewed these Accounting questions

Question

Explain how to dispute irrational beliefs.

Answered: 1 week ago