From the following trial balance construct the statement of comprehensive income for D Wilcox for the year
Question:
From the following trial balance construct the statement of comprehensive income for D Wilcox for the year ended 31 July 2015 and a statement of financial position as at that date.
Inventory at 31 July 2015 was valued at £5,454.
Transcribed Image Text:
Sales Purchases Returns inwards Returns outwards Carriage inwards Carriage outwards Inventory as at 1 August 2014 Machinery Vehicles Trade receivables Trade payables Bank Lighting and heating Wages and salaries Insurance Rent Long-term loan Capital Drawings Dr 96,500 321 433 534 6,788 13,200 7,800 8,232 3,453 4,233 14,312 2,131 7,705 5,345 170,987 Cr 141,000 423 7,564 7,000 15,000 170,987
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Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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