Question: 2.11-PRACTICAL-PROBLEM P.2-5 begin{tabular}{|l|r|r|} hline Particular & Dr & Cr hline Cash & Rs. 45,000 & hline Prepaid film rentals & 325,000 &

 2.11-PRACTICAL-PROBLEM P.2-5 \begin{tabular}{|l|r|r|} \hline Particular & Dr & Cr \\ \hline

Cash & Rs. 45,000 & \\ \hline Prepaid film rentals & 325,000

2.11-PRACTICAL-PROBLEM P.2-5 \begin{tabular}{|l|r|r|} \hline Particular & Dr & Cr \\ \hline Cash & Rs. 45,000 & \\ \hline Prepaid film rentals & 325,000 & \\ \hline Projection Equipment & 1,520,000 & \\ \hline Accumulated depreciation on equipment & & Rs. 152,000 \\ \hline Accoounts Payable & & 100,000 \\ \hline Uneamed ticket revenues & & 10,000 \\ \hline Capital & & 1,500,000 \\ \hline Ticket revenues & & 670,000 \\ \hline Utilities expenses & 320,000 & \\ \hline Salanies expenses & 222,000 & \\ \hline Total & Rs. 2,432,000 & Rs.2,432,000 \\ \hline \end{tabular} The following additional-information-has-been-extracted-from-the record:- I i. The accounts are closed on-monthly-basis to determine performance. 11 ii. The-building is-on-rent-basis-and the rent-for-January-is-yet-unpaid which-is-arnounting to-R5.-140,000. 1 rentals iv. The.depreciation-at-10\%-per-annum-on-projection-equipment-is-to-be-accounted-for-n/ v. The-unearned-ticket-revenues-amounting-toRs. 6,000 -have-been-earned-during-end-of-lanuary-2020. Required: F b).Prepare-10-columns-work-sheet.-I c).Preparefollowing-financial.statements:- 1). Income:-Statement-q 2).Statement-of-changes in equity. n 3).Balance.sheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!