The following account balances in figure 12.37 are from the ledger of C Earnest at 30 June
Question:
The following account balances in figure 12.37 are from the ledger of C Earnest at 30 June 2022. Enter the account, statement and group abbreviations for the accounts and the additional balance day adjustments. Prepare an income statement.
Transcribed Image Text:
Account Balances for C Earnest Wharfage and Other Import Costs Wages Sales Revenue Received in Advance Revenue Accrued Rental Revenue Purchases Printing and Postage Motor Vehicles Motor Vehicle Expense Land Inventory (1 July 20211 Interest Insurance GST Payable GST Receivable Expense Prepaid Expense Accrued Electricity Drawings Doubtful Debts Expense Depreciation - Motor Vehicles Depreciation - Buildings Customer Delivery Capital Buildings Bank Overdraft Bank Mortgage Allowance for Doubtful Debts Accumulated Depreciation - Motor Vehicles Accumulated Depreciation - Buildings Accounts Receivable Control Accounts Payable Control 18 708 32 400 278 600 3 600 2900 10 580 179 042 2100 27 500 2870 75 200 36 950 7250 1.750 7.000 4.000 8 400 11 200 4900 17 500 1 200 4 125 2900 4750 ?? 100 000 6.300 39 200 2 200 10 310 24 000 29 392 12 595
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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