This information is from the books of Joshua & Company Ltd:

You are required to:

Prepare the following accounts in the general ledger of Joshua & Company Ltd for June 20x4:

1. Raw material inventory. 

2. Work-in-progress (WIP) inventory.

3. Finished goods inventory. 

4. Consumable stores.

5. Factory overhead expenses. 

6. Trading account.

7. Profit and loss account.

Transcribed Image Text:

Balances on 1 June 20x4: Raw material inventory Work-in-progress inventory Finished goods inventory Consumable stores inventory Transaction totals for June 20x4: Cash purchases of raw material Carriage on purchases of raw material (paid in cash) Raw material issued to production Wages: Direct labour Indirect labour Cash purchases of consumable goods Rent of factory Maintenance of plant Cost of sales of finished goods Consumable goods issued to the factory Factory insurance 24 100 00 7 970 00 9 500 00 5 000 00 35 000 00 3 500 00 27 000 00 32 800 00 4 300 00 2 200 00 12 000 00 1 000 00 68 330 00 4 750 00 3 700 00