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Question2 Following is the unadjusted trial balance of Herbal Tonics Ltd as at 31 December 20X7. Debit ($) Credit ($) 200,000 27,500 Share capital Retained
Question2 Following is the unadjusted trial balance of Herbal Tonics Ltd as at 31 December 20X7. Debit ($) Credit ($) 200,000 27,500 Share capital Retained earmings, 31 December 20X6 Equipment at cost Motor vehicles at cost Provision for depreciation 255,000 100,000 Equipment Motor vehicles 50,000 25,000 Purchase Sales Wages and salaries Rental expense Allowance for doubtful debts Accounts receivable Accounts payable Bank Inventory, 31 December 20X6 563,700 925,300 200,200 6,100 74,200 16,200 1,200 68,300 81,900 1.2973001297,300
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