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The trial balance of Beta shows the following balances at 3 1 December 2 0 2 3 : table [ [ , D r
The trial balance of Beta shows the following balances at December : table Additional information: Inventories at January were valued at $ Depreciation charges for the year amounting to $ and $ are to be included in distribution costs and administrative expenses, respectively. The income tax rate is There were no disposals of any noncurrent assets during the year. A delivery vehicle was purchased on credit for $ on December No entries have yet been made to record this. Insurance for delivery vehicles is to accrued as $ Receivables totalling $ are to be written off During the year the company issued a further shares at $ No entries have yet been made to record this. Sales day book undercast by $ Bonus for administration director for is evaluated as of gross profit General reserve is to be increased by $ Required: Prepare i general journal for the transactions; ii ledger accounts showing descriptions and balances; iii a trial balance; iv a statement of profit or loss and other comprehensive income for the year ended December v a statement of changes in equity for the year ended December vi a statement of financial position at that date The trial balance of Beta shows the following balances at December : table
The trial balance of Beta shows the following balances at December :
table
Additional information:
Inventories at January were valued at $
Depreciation charges for the year amounting to $ and $ are to be included in distribution costs and administrative expenses, respectively.
The income tax rate is
There were no disposals of any noncurrent assets during the year. A delivery vehicle was purchased on credit for $ on December No entries have yet been made to record this.
Insurance for delivery vehicles is to accrued as $
Receivables totalling $ are to be written off
During the year the company issued a further shares at $ No entries have yet been made to record this.
Sales day book undercast by $
Bonus for administration director for is evaluated as of gross profit
General reserve is to be increased by $
Required:
Prepare
i general journal for the transactions;
ii ledger accounts showing descriptions and balances;
iii a trial balance;
iv a statement of profit or loss and other comprehensive income for the year ended December
v a statement of changes in equity for the year ended
December
vi a statement of financial position at that date
The trial balance of Beta shows the following balances at December :
table
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