Antonia's trial balance at 31 December 2003 was as follows. Further information 1. Stock at 31 December
Question:
Antonia's trial balance at 31 December 2003 was as follows.
Further information
1. Stock at 31 December 2003 was valued at $8000.
2. The loan was received on 1 April 2003 and is repayable in 2006. Interest is charged at 10% per annum.
3. Expenses owing at 31 December 2003 were as follows.
4. Rent in the sum of $800 was prepaid at 31 December 2003.
Required
(a) Prepare the Trading and Profit and Loss Account for the year ended 31 December 2003.
(b) Prepare the Balance Sheet at 31 December 2003.
Transcribed Image Text:
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