3. The trial balance which she drew up was contained errors: MNC Company Trial Balance as...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
3. The trial balance which she drew up was contained errors: MNC Company Trial Balance as at 30 April 2022 Dr. RM Bank overdraft Cash Fixtures and fittings at cost Accumulated depreciation Sales revenue Prepaid interest Prepaid rental Advertising Wages Bank loan Capital as at 1 May 2022 Drawings 1,360 28,105 200 6,000 430 3,000 39,095 Required: Prepare an adjusted trial balance as at 30 April 2022. Cr. RM 2,320 100 6,800 8,005 2,950 16,200 36,375 (13 marks) 3. The trial balance which she drew up was contained errors: MNC Company Trial Balance as at 30 April 2022 Dr. RM Bank overdraft Cash Fixtures and fittings at cost Accumulated depreciation Sales revenue Prepaid interest Prepaid rental Advertising Wages Bank loan Capital as at 1 May 2022 Drawings 1,360 28,105 200 6,000 430 3,000 39,095 Required: Prepare an adjusted trial balance as at 30 April 2022. Cr. RM 2,320 100 6,800 8,005 2,950 16,200 36,375 (13 marks)
Expert Answer:
Answer rating: 100% (QA)
Trial Balance Trail Balance is the Summary Statement of Credit Debit Bala... View the full answer
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Posted Date:
Students also viewed these accounting questions
-
Cute Vlo Inc. produces and sells children's bikes at an average price of $72. Its costs are as follows: direct materials, $16; direct labour, $11; variable overhead, $6; sales commission, 5% of...
-
Daisy Company's trial balance was in balance at the end of the period and showed the following accounts: Account Balance Accounts payable Cash $27,200 44,800 Common Stock 21,700 Equipment Land Notes...
-
Given 3x+7 x-1 determine 8(g(-5)).
-
Two billiard balls of equal mass undergo a perfectly elastic head-on collision. If one balls initial speed was 2.00m/s, and the others was 3.00m/s in the opposite direction, what will be their speeds...
-
(a) Make a guess as to the carrying capacity for the U.S. population. Use it and the fact that the population was 250 million in 1990 to formulate a logistic model for the U.S. population. (b)...
-
How can the design of a presentation affect readers both positively and negatively ". If the design is busy or there are grammar issues all over the presentation, the creator is not making a good...
-
What makes a question bad? Develop three examples of bad questions. Rewrite your examples so they could be judged as good questions.
-
Intravenous infusions are usually driven by gravity by hanging the fluid bottle at sufficient height to counteract the blood pressure in the vein and to force the fluid into the body. The higher the...
-
what ways do modern enterprises leverage iterative methodologies such as Six Sigma and Lean Management to systematically identify inefficiencies, streamline processes, and cultivate a culture of...
-
V. N. Murti and V. K. Sastri investigated the production characteristics of various Indian industries, including cotton and sugar. They specified CobbDouglas production functions for output (Q) as a...
-
Select one ethical principle of psychologists justice and write a paper in which you address the following: Why do you think this principle is important? What difficulties might psychologists...
-
How do we compute the weighted average cost of capital of a firm?
-
In a perfect capital market, how will a firms market capitalization change if it borrows in order to repurchase shares? How will its share price change?
-
Speak to people from five different countries and ask what entrepreneurship means to them and how their national culture helps and/or hinders entrepreneurship.
-
What impact does entrepreneurship have on your natural environment? What impact does it have on sustaining local communities? Use data to back up your arguments.
-
Ask two entrepreneurs and five students (not in this class) to fill out the HaynieShepherd Measure of Adaptive Cognition. How do you rate relative to the entrepreneurs? Relative to your fellow...
-
Doug's Difference Doug was doing his math homework with two of his friends, at one point they all got bored but Doug had an idea to pass the time in an interesting way he decided to play a game of...
-
Suppose you are comparing just two means. Among the possible statistics you could use is the difference in means, the MAD, or the max min (the difference between the largest mean and the smallest...
-
Which of the following accounts reports an asset? (a) Bank loan account (b) Bank account (c) Sales account (d) Capital account
-
When preparing the Statement of financial position as at 31 December 2011 adjustments need to be made for the following: (a) Stationery remaining unused by the year-end is 5,400 (b) Rent income...
-
Which among the following expenses may be included as part of the cost of closing inventory? (i) Factory staff salary (ii) Machinery depreciation (iii) Sales commission (iv) Raw materials used (v)...
-
If you let go of a helium balloon, it quickly rises. As it rises, the balloon gets larger and larger until it pops. Why does the balloon expand as it rises?
-
Elephant seals do deep dives to forage for food. The energy used by the seals in diving depends on their body composition; for example, fatter seals use less energy to swim to the surface at the end...
-
Early airshipscraft that relied on large volumes of low density gas to rise from the groundwere filled with hydrogen, but safety concerns necessitated a switch to helium. When an airship made the...
Study smarter with the SolutionInn App