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The following account balance are taken from the books of S. Preston, Marketing on 3 December 2021. Revenue and expense are for the year
The following account balance are taken from the books of S. Preston, Marketing on 3 December 2021. Revenue and expense are for the year ended 31 December 2021. The retaines profit balance is as at 1 January 2021. Account Title Accounts payable Cash Accounts receivable Amount (S) 13 910 4610 Advertising expense Confectionery sales Cost of confectionery sold Electricity expense Furniture and fittings Rent expense Inventory 13 450 42 780 12.300 10 500 5090 34 000 33 200 18.000 Land and Buildings 60 000 Loan Payable 35 000 Projection equipment 41 000 Retained profits, 1 January 2021 59 720 Share Capital 60 000 Ticket revenue 81 700
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