The following Trial balance has been extracted from the books of Greensmart Technologies as at 30 June
Question:
The following Trial balance has been extracted from the books of Greensmart Technologies as at 30 June 2009.
Balance day adjustments as at 30 June 2009:
Wages owing $1,000
Interest revenue of $230 has not yet been received
Rent revenue of $5,000 was for the next accounting period
$650 of the insurance expense was for the next accounting period.
Required
You are required to prepare at 30 June 2009:
A. an Income statement
B. a Balance sheet
Transcribed Image Text:
Particulars Amount ount Capital Drawings Cash in hand Bank Accounts receivable Cost of goods sold Sales Sales returns Insurance Telephone exp Rent revenue Interest expense Land Interest revenue Fixtures and fittings Accounts payable Motor vehicles Wages Inventories Shares Showroom expenses Loan from ANZ Bank S 1,009,500 27,800 300 406,500 340,000 85,000 9 9 280.000 18,900 80,000 5,600 enses 100,000 7,000 380,000 3,000 40,000 34,000 80,000 65.000 23,000 10,000 6,600 249,200 1675,700 S 675,700 6
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