Question
Trial Balance as at 31/12/21 Bank 350000 Vehicle 50000 AR 25000 Furniture 25000 Land 1000000 Computers 5000 Stock 20000 Loan 80000 Credit card 5000 Capital
Trial Balance as at 31/12/21
| Bank | 350000 | |
| Vehicle | 50000 | |
| A\R | 25000 | |
| Furniture | 25000 | |
| Land | 1000000 | |
| Computers | 5000 | |
| Stock | 20000 | |
| Loan | 80000 | |
| Credit card | 5000 | |
| Capital | ? | |
| Fees | 50000 | |
| Interest | 2000 | |
| Rent | 5000 | |
| Insurance | 1000 | |
| Postage | 500 | |
| Fuel | 500 | |
| Parking fees | 600 | |
| Tolls | 400 | |
| Phone Bill | 1000 | |
| Electricity | 2000 | |
| 1488000 | ? |
Prepare an income statement
Prepare a change in equity statement
Prepare a balance sheet
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
