Required: Complete the trial balance provided in the template for Quick Start Protein Supplements Pty Ltd...

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Required: Complete the trial balance provided in the template for Quick Start Protein Supplements Pty Ltd as at 30/06/2023. NOTE: YOU DO NOT NEED TO USE THE S SIGN OR COMMA FOR THE AMOUNTS. Quick Start Protein Supplements Pty Ltd Trial Balance as at 30 June 2023 Debit ($) Total Accounts Credit ($) Trial Balance Fill in multiple blanks The following Account Balances have been extracted from the books of Quick Start Protein Supplements Pty Ltd as at 30/06/2023. $ 125000 6000 25000 4485 11400 165000 65000 55000 Accounts Accounts Receivable Allowance for Doubtful Debts Inventory Expense Prepaid (Insurance) GST Paid Motor Vehicles Accumulated Depreciation - Motor Vehicle Plant and Equipment Accumulated Depreciation - Plant and Equipment Accounts Payable Bank Overdraft Expense Accrued (Salaries) GST Payable Share Capital Retained Earnings Dividends Paid Sales Interest Received Cost of Goods Sold Sales Commission Salaries and Wages Audit Fees Insurance Internet Bad Debts Doubtful Debts 10500 45000 25000 5500 15585 160000 35000 25000 990000 30000 450000 125000 268000 65000 35000 15000 8700 10000 Requirement 2: Prepare a classified balance sheet (narrative format) and add the heading which has not been provided. (Not all blank spaces need to be filled in. Only use the spaces needed.) Assets Current Assets Total Current Assets Non-Current Assets Total Non-Current Assets Total Assets Liabilities Current Liabilities Total Current Liabilities Non-Current Liabilities Total Non-Current Liabilities Total Liabilities Net Assets Equity Total Equity $ $ $ Fill in multiple blanks The following account balances have been extracted from the books of Canny Constructions Pty Ltd. As an accountant of the company, management requires you to present to them the following: 1) Calculation of the net profit or net loss for the year ended 30 June 2023. 2) A classified balance sheet in narrative format for use at the Board of Directors' meeting next month. Accounts Wages Sales Interest Received Land Inventory Depreciation - Buildings Cost of Goods Sold Share Capital Buildings Accumulated Depreciation - Buildings Accounts Receivable Bank Overdraft $ 22400 285000 30560 94500 44750 8000 162481 154595 120000 12000 41658 11634 Do not enter spaces, commas or dollar signs, however + and-signs can be used when filling the blanks for numerical answers. Requirement 1: Calculate the net profit or net loss for the year ended 30 June 2023. Show workings here Enter either a net profit or a net loss here $ Required: Complete the trial balance provided in the template for Quick Start Protein Supplements Pty Ltd as at 30/06/2023. NOTE: YOU DO NOT NEED TO USE THE S SIGN OR COMMA FOR THE AMOUNTS. Quick Start Protein Supplements Pty Ltd Trial Balance as at 30 June 2023 Debit ($) Total Accounts Credit ($) Trial Balance Fill in multiple blanks The following Account Balances have been extracted from the books of Quick Start Protein Supplements Pty Ltd as at 30/06/2023. $ 125000 6000 25000 4485 11400 165000 65000 55000 Accounts Accounts Receivable Allowance for Doubtful Debts Inventory Expense Prepaid (Insurance) GST Paid Motor Vehicles Accumulated Depreciation - Motor Vehicle Plant and Equipment Accumulated Depreciation - Plant and Equipment Accounts Payable Bank Overdraft Expense Accrued (Salaries) GST Payable Share Capital Retained Earnings Dividends Paid Sales Interest Received Cost of Goods Sold Sales Commission Salaries and Wages Audit Fees Insurance Internet Bad Debts Doubtful Debts 10500 45000 25000 5500 15585 160000 35000 25000 990000 30000 450000 125000 268000 65000 35000 15000 8700 10000 Requirement 2: Prepare a classified balance sheet (narrative format) and add the heading which has not been provided. (Not all blank spaces need to be filled in. Only use the spaces needed.) Assets Current Assets Total Current Assets Non-Current Assets Total Non-Current Assets Total Assets Liabilities Current Liabilities Total Current Liabilities Non-Current Liabilities Total Non-Current Liabilities Total Liabilities Net Assets Equity Total Equity $ $ $ Fill in multiple blanks The following account balances have been extracted from the books of Canny Constructions Pty Ltd. As an accountant of the company, management requires you to present to them the following: 1) Calculation of the net profit or net loss for the year ended 30 June 2023. 2) A classified balance sheet in narrative format for use at the Board of Directors' meeting next month. Accounts Wages Sales Interest Received Land Inventory Depreciation - Buildings Cost of Goods Sold Share Capital Buildings Accumulated Depreciation - Buildings Accounts Receivable Bank Overdraft $ 22400 285000 30560 94500 44750 8000 162481 154595 120000 12000 41658 11634 Do not enter spaces, commas or dollar signs, however + and-signs can be used when filling the blanks for numerical answers. Requirement 1: Calculate the net profit or net loss for the year ended 30 June 2023. Show workings here Enter either a net profit or a net loss here $

Answer rating: 100% (QA)

Requirement 1 trail balance Quick start protein suppliments pty ltd Trail balance as at 30 june 2023 ... View the full answer