E Wilson is a manufacturer. His trial balance at 31 December 20X2 is as follows: Prepare the
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E Wilson is a manufacturer. His trial balance at 31 December 20X2 is as follows:
Prepare the manufacturing, trading and profit and loss accounts for the year ended 31 December 20X2 and a balance sheet as at that date. Give effect to the following adjustments:
1. Stocks at 31 December 20X2: raw materials £14,510; finished goods £44,490. There is no work in progress.
2. Depreciate machinery £3,000; office equipment £600; van £1,200.
3. Manufacturing wages due but unpaid at 31 December 20X2 £550; office rent prepaid £140.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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