The following information is extracted from the books and records of Q Don at 30 June 2022
Question:
The following information is extracted from the books and records of Q Don at 30 June 2022 (figure 12.37). You are required to write next to each account name the account, statement and group abbreviations and then prepare a balance sheet.
Transcribed Image Text:
Extract Account Balances for Q Don Revenue Received in Advance Revenue Accrued Sales Petty Cash Motor Vehicles Machinery and Equipment Land Investment in Government Bonds (maturing 30 April 2025] Investment in Government Bonds [maturing 15 March 2023] Inventory [30 June 2022] GST Payable GST Receivable Investments in Shares Expense Prepaid Expense Accrued Expenses Drawings Capital [1 July 2021] Buildings Bills Receivable Control (due 31 March 2023] Bank Overdraft Bank Loan Allowance for Doubtful Debts Accumulated Depreciation - Motor Vehicles Accumulated Depreciation - Machinery and Equipment Accumulated Depreciation - Buildings Accounts Receivable Control Accounts Payable Control 1 100 1 650 669 221 450 57 500 69 000 95 000 6 000 4 000 26 750 4 700 2050 30 000 1390 2400 568 803 36 000 230 800 120 000 5 200 11 200 45 000 3 000 18 350 29 300 23 000 34 980 20 702
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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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