Provide a Trial Balance for Mary Ltd as at December 2023.

[11 marks]

(b) Mary Limited started its business in January 2023 and provides the following transactions from its books of accounts:

1. Started business with capital of $1,000,000 cash.

2. Opened a business bank account and deposited $500,000 cash.

3. Bought Furniture for $150,000 in cash.

4. Purchased goods from Milla Ltd for $54,600 on credit

5. Sold goods to Ashley Ltd for $30,000 on cash terms.

6. Mary bought office equipment worth $120,000 on credit from Cilia Furnishings Ltd.

7. Mary paid the office rent $50,000 by cheque.

Answer rating: 100% (QA)

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