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Question 19 10 points Save Answer Use the following trial balance to calculate the net profit. Account DR CR Machinery at Cost 3.784 1,135 Machinery
Question 19 10 points Save Answer Use the following trial balance to calculate the net profit. Account DR CR Machinery at Cost 3.784 1,135 Machinery Accumulated Depreciation Office Equipment at Cost Office Equipment Accumulated Depreciation 416 178 Bank 56,447 Petty Cash 75 94,600 780 Capital Closing Inventory - SFP Closing Inventory - SPL Drawings 780 37,840 Gas & Electricity 1.324 Opening Inventory 585 Insurance 189 Purchases 13,514 Payables 1.126 Sales 18.920 Receivables 1.577 Maintenance Costs 568 VAT 360 TOTAL 117,099 117,099
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