Return to Review Question7.4 A and prepare a statement of financial position as at 30 June 2012.
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Return to Review Question7.4 A and prepare a statement of financial position as at 30 June 2012.
Return to Review Question 7.4
Extract an income statement for the year ending 30 June 2012 for G. Graham. The trial balance as at 30 June 2012 after his first year of trading was as follows:
Transcribed Image Text:
Equipment rental Insurance Lighting and heating expenses Motor expenses Salaries and wages Sales Purchases Sundry expenses Lorry Accounts payable Accounts receivable Fixtures Shop Cash at bank Drawings Capital Inventory at 30 June 2012 was 29,304. Dr 940 1,804 1,990 2,350 48,580 245,950 624 19,400 44,516 4,600 174,000 11,346 44,000 600,100 Cr 382,420 23,408 194,272 600,100
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Based on the information provided in the trial balance and the inventory figure we can prepare the Statement of Financial Position also known as the Balance Sheet for G Graham as at 30 June 2012 The S...View the full answer
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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