From the list of account balances as at 30 June 2022 of Harry Moxey (see figure 12.25),
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From the list of account balances as at 30 June 2022 of Harry Moxey (see figure 12.25), you are required to write the account, statement and group abbreviation next to each account name, including the balance day adjustments. Using this information, prepare an income statement and a balance sheet that incorporates the balance day adjustments for the year’s end.
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Account Balances of Harry Moxey as at 30 June 2022 Accounts Payable Control Accounts Receivable Control Accumulated Depreciation - Machinery Accumulated Depreciation - Motor Vehicle Advertising Allowance for Doubtful Debts Bad Debts Expense Bank Bank Charges Capital Cost of Sales Discount Allowed Doubtful Debts Expense Drawings Electricity Freight Outwards GST Receivable GST Payable Insurance Interest on Loan Inventory Loan from A Reservoir Machinery Motor Vehicles Salaries and Wages Sales Stationery and Photocopying 5 104 19 426 19 016 8 250 607 400 1885 27 909 350 74 341 38 918 250 260 3970 726 1117 1 073 2480 1.950 1404 8 360 25 000 65 000 32 000 38 500 109 517 403
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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