answered me balance sheet and income statement Lighting and heating Telephone expenses 215 Purchases 26,500 Stock at
Question:
answered me balance sheet and income statement
Lighting and heating Telephone expenses 215 Purchases 26,500 Stock at 31 August 20x7 4,210 Carriage inwards 940 Returns inwards 1,230 4 From the following trial balance of P Franks, prepare a trading and profit and loss account for the year ended 28 February 20X8, together with a balance sheet at that date in the vertical format. P Franks Trial Balance at 28 February 20X8 Dr Cr Purchases 155,400 Sales 221,300 Stock at 1 March 20X7 12,600 Returns inwards 5,200 Returns outwards 6,650 Heating and lighting 3,900 Salaries and wages 48,500 Sundry expenses 4,650 Rent and rates 2,300 Premises 104,000 Equipment 28,000 Motor vehicles 21,000 Debtors 23,750 Bank 960 Cash 76 Creditors 15,716 Loan, repayable in 4 years 32,000 Drawings 10,600 Capital 145,270 420,936 420,936 Stock at 28 February 20X8 was valued at $16,100 Ignore loan interest.
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell