Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Trial Balance as at 31 st March Dr Cr Inventory 2 000 Sales 248 783 Purchases 68.975 Sales Returns 1 206 Purchase Returns 780 Carriage

Trial Balance as at 31st March

Dr

Cr

Inventory

2 000

Sales

248 783

Purchases

68.975

Sales Returns

1 206

Purchase Returns

780

Carriage Inwards

220

Discounts Received

3 135

Discounts Allowed

2 474

Wages

111 220

Insurance

7 500

General Expenses

39 590

Heat and Light

3 880

Bad Debts

965

Non-current (fixed) assets

277 200

Trade Receivables

6 700

Trade Payables

2 100

Bank

37 750

Cash

1 500

Capital

185 082

Short-term Loan

50 000

______

525 530

______

525 530

Additional Information:

  1. Alpha Stores had an opening inventory of 32 000.
  2. Depreciation is not charged on non-current (fixed) assets.

PLEASE THE SOLUTIONS ALREADY SOLVED TO THIS QUESTION IS WRONG. THE ADDITIONS FOR THE TOTALS ARE WRONG. THE WORK DID NOT BALANCE. PLEASE FIND ANOTHER EXPERT TO SOLVE THIS.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting, Enhanced

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

11th Edition

1119594596, 9781119594598

More Books

Students also viewed these Accounting questions