E. Wilson is a manufacturer. His trial balance at 31 December 2013 is as follows: Prepare the

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E. Wilson is a manufacturer. His trial balance at 31 December 2013 is as follows:

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Prepare the manufacturing account and income statement for the year ending 31 December 2013 and a statement of financial position as at that date. Give effect to the following adjustments: 1 Inventory at 31 December 2013: 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 2013 £550; office rent prepaid £140.

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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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