The following are the balances that appeared in the books of the Al-Saad facility on 30/9/2020:
125,000 NIS cash in the bank, 150,000 NIS cars, 270,000 NIS lands and buildings, 37,500 NIS creditors, 250,000 NIS real estate bank loan, 50,000 NIS furniture, 30,000 NIS debits, 37,500 NIS notes receivable, 20,000 notes payable, 5,000 NIS rental expenses, 205,000 NIS stock income 12,500 shekels, commissions collected, 52,500 shekels wages and salaries expenses, 12,500 shekels advertising expenses, 25,000 shekels inventory, capital???
Required:

Preparing the trial balance on 9/30/2020, determining the value of the company’s capital, and preparing a profit and loss statement and financial position.
second question
The following are some of the operations that took place in the Wafa facility during the month of 1/2018:
On 1/1, the Wafaa facility started with a capital of 60,000 shekels, represented by the following: 5,000 shekels for furniture, 10,000 shekels for a car, 30,000 shekels for a box, and 15,000 shekels for a bank.
On 1/2, she bought a car from Saeed's stores on the account for 20,000 shekels.
On 1/3, part of the furniture was sold for 3,000 shekels in cash.
On January 15, she bought lands worth 30,000 shekels in cash.
On January 21, she sold land for 10,000 shekels to Majed's shops on the account.
On January 24, I paid 10,000 shekels to Saeed's shops with a check.
On 27/1, the value of half of the lands sold to Majed's shops was obtained in cash.
Required :
1- Recording the previous transactions in the general journal
2- Photocopy of the bank in the general ledger
3 - Determine the gains

Answer rating: 100% (QA)

Step 11 Trial Balance as of 30092020 of AISaad and Foundati... View the full answer