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Question Three: (8 Marks) Queens Park Ltd had the following Trail Balance at 1st April and transactions during April 2016: Adjusted Trail Balance for Queens
Question Three: (8 Marks) Queens Park Ltd had the following Trail Balance at 1st April and transactions during April 2016: Adjusted Trail Balance for Queens Park Ltd on 18 April 2016 Dr ar Cash 24900 Account Receivable 8400 18000 11000 12400 60000 25500 Inventory Account payable Revenue Andy's Investment Vehicle Wages Maintenances expense Accumulated Depreciation - Vehicle Prepaid rent Rent expense Unearned Revenue 2300 1 1400 4500 2400 7100 2100 April 16, Purchase Inventory on account for resale after discount and adding transportation cost total invoice was $6,500 April 3, Paid Insurance premium expense for the month of March $1600 April 74 received payment from creditor on account $3200 April 10 completed a job for client and send the invoice, total invoice for the job is $12500 April 11" Paid 40% of the invoice to creditor for supplies purchased on April 1, April 17" Paid three month rent in advance for the office worth $6000 April 22nd Purchased 3 computers for $1200 each, paid $500 and the reminder to be paid before the end of the year. April 27" received advanced payment of $3500 for consulting job to be done in Jun. Requirements: A) Record the month of April transactions in T account B) Prepare Unadjusted Trail Balance on 30/4/2016
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