The following trial balance has been extracted from the books of Majestic Mountains Travel Tours Pty Ltd.

Majestic Mountains Travel Tours Pty Ltd

Trial Balance

As at 30 June 2019

Account Name Balance ($)

Share Capital 62000

Commission received 5000

Cash at Bank 32000

Dividends Paid 5500

Rent expenses 7850

General office expenses 5000

Motor vehicle expenses 3600

Accounts payable 20000

Cost of sales 148000

Allowance for doubtful debts 1950

Sales 173000

Insurance expense 1000

Bad debts expense 1000

Interest received 2000

Accounts Receivable 23000

Motor Vehicles 20500

Accumulated Depreciation: motor vehicle 3000

Furniture 17500

Accumulated Depreciation furniture 3000

Interest expense 5000

Fill in the responses to the 10 questions below:

1. Total Current Assets

2.Total Non Current Assets

3. Net Accounts Receivable

4. Total CurrentLiabilties

5. TotalLiabilties

6. Net Assets

7. Gross Profit

8. Net Profit

9. Earnings before Tax and Interest ( EBIT)

10. Total Revenue