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Question No.15+5= 10 marks] Prepare closing entries and post-closing trial balance from the given trial balance below. Ted-baker Plc Adjusted Trial Balance May 31, 2020
Question No.15+5= 10 marks] Prepare closing entries and post-closing trial balance from the given trial balance below. Ted-baker Plc Adjusted Trial Balance May 31, 2020 Debit Credit Cash 39,900 Capital 65,000 Furniture 10,000 Accounts payable 41,000 Purchases 45,000 Bank 15,000 Sales Revenue 31,000 Stationery Accounts Receivables 8,000 Machinery 6,000 Sales Returns 2,000 Drawings 3,000 Interest expenses 2,000 Office expenses 10,000 Electrical Bill 100 Rent Received 5,000 Total 1,42,000 1,42,000 1,000
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