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The following trial Balance was extracted from for the year of Thomas Williams at the close of business on 31 October Year 8. Exercise 4.4
The following trial Balance was extracted from for the year of Thomas Williams at the close of business on 31 October Year 8. Exercise 4.4 2,380 4,850 Purchases and Sales 510 350 700 790 Stock 1 Nov Year 7 Oporin Rent and Rates Delivery Van Debtors and Creditors 4 Bank A Drawings Finacod General Office Expenses Capital 1 Nov Year 7 inrad Wages and Salaries yP Office furniture A FA 490 280 850 100 1,800 980 440 190 50 140 Discounts 80 Cash in hand A Van Running Expenses Provision for bad debts E Carriage inwardse Cov 40 60 7,540 7,540 (a) Increase the provision for Bad Debts to 60. (b) Stock 31 October Year 8 was valued at E560. dloine tack (c) Rent and'rates prepaid at 31 October Year 8 amounted to 40 (d) Wages and Salaries accrued due at 31 October Year 8 amounted to 30. (e) Provide for depreciation of Delivery Van at 10 percent. ote: quired Prepare the Trading and Profit and Loss ccounts for the year ending 31 october Year 8, together with a Baance Sheet as on 31 October Year 8
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