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The following is Pamela's trial balance as at 30 April 2018: Dr Cr 14,000 4,000 64,000 Bank (overdraft) Insurance Capital Stock (at 1 May 2017)
The following is Pamela's trial balance as at 30 April 2018: Dr Cr 14,000 4,000 64,000 Bank (overdraft) Insurance Capital Stock (at 1 May 2017) Drawings Electricity Carriage Inward Furniture at cost Miscellaneous expenses Sales Return Interest received Purchases Sales Purchase Return Trade creditors Trade debtors 10,000 20,000 2,000 2,000 18,000 56,000 4,000 2,000 100,000 130,000 10,000 20,000 24,000 240,000 240,000 Additional information: 1. Stock at 30 April 2018 was 8,000. Required: 1. Prepare Pamela's Trading Account for the year to 30 April 2018 (12 marks) 2. Calculate Total Assets (note: calculations must be listed/showed) (3 marks) 3. Calculate Total Liabilities (note: calculations must be listed/showed) (2 Marks)
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