Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are required to prepare the trail balance of the company. MICKY Enterprise BALANCES AS AT 31 MAY 2020 CAPITAL 484,140 SALES 170,000 PURCHASES 75,000
You are required to prepare the trail balance of the company.
MICKY Enterprise BALANCES AS AT 31 MAY 2020 CAPITAL 484,140 SALES 170,000 PURCHASES 75,000 RETURNS OUTWARDS 3,000 OFFICE EQUIPMENT 5,000 PREMISE 580,000 INTEREST RECEIVED 12,000 DRAWINGS 60,000 SAMPLES 5,000 SALARIES 72,000 PRINTING & STATIONERY 1,960 TERM LOAN 200,000 INVESTMENT 50,000 DEPOSITS 3,000 CASH AT BANK 18,000 CASH IN HAND 3,600 DISCOUNT ALLOWED 4,780 TRADE PAYABLES 36,000 TRADE RECEIVABLES 26,800Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started