Using the adjusted trial balance of O Lightfoot from figure 12.15 you are required to: enter
Question:
Using the adjusted trial balance of O Lightfoot from figure 12.15 you are required to:
• enter the account, statement and group abbreviation next to each account name
• prepare an income statement
• prepare a balance sheet.
Transcribed Image Text:
Adjusted Trial Balance of 0 Lightfoot as at 30 June 2022 Petty Cash Accounts Receivable Control Allowance for Doubtful Debts Inventory (1 July 2021] GST Receivable Expense Prepaid Land and Buildings Motor Vehicles Accumulated Depreciation - Motor Vehicles Bank Overdraft Accounts Payable Control GST Payable Expense Accrued Revenue Received in Advance Mortgage Land and Buildings Capital Drawings Sales Rent Received Purchases Salaries Insurance Depreciation - Motor Vehicles Interest Bad Debts Expense Discount Allowed Doubtful Debts Expense Inventory [30 June 2022) $6267 175 20 185 5033 740 3 024 54 125 29 800 1445 26 132 17082 1843 1418 4 107 866 1917 190 168 082 600 7 020 10 610 11 363 1530 3081 608 30 500 37 710 61 415 3645 168 082
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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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