The account balances in figure 12.38 are from the ledger of Dorothy McCoy at 30 June 2022.
Question:
The account balances in figure 12.38 are from the ledger of Dorothy McCoy at 30 June 2022. The account, statement and group abbreviations should be entered. After incorporating the balance day adjustments, prepare an income statement and a balance sheet.
Transcribed Image Text:
Account Balances for Dorothy McCoy as at 30 June 2022 Accountancy Fees Accounts Payable Control Accounts Receivable Control Accumulated Depreciation - Computers Accumulated Depreciation - Furniture and Fittings Advertising Allowance for Doubtful Debts Bad Debts Expense Capital Cash at Bank Computers Cost of Sales Depreciation - Computers Depreciation - Furniture and Fittings Discount Received Drawings Electricity Furniture and Fittings GST Receivable GST Payable Insurance Inventory Salaries and Wages Sales Stationery and Postage 1900 8 800 19 800 11 000 18 600 3 150 800 1400 56 070 22 350 18 000 44 060 6 000 4600 900 6 000 1370 35 000 1 590 3 000 7 800 9 000 35 000 120 000 2 150
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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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