Calculate Ending Inventory using Weighted average (WA) method Syd Gee Ltd Opening Trial Balance 1 June 2021

Calculate Ending Inventory using Weighted average (WA) method

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Syd Gee Ltd Opening Trial Balance 1 June 2021 BANK STATEMENT As at 30 June 2021 DATE PARTICULARS DEBIT CREDIT BALANCE Account Debit Credit June 1 S 9.940 Cash at bank $ 9.940 1 cheque no.119 200 S 8,740 Accounts Receivable 48,500 6 cheque no.120 350 S 8.390 Prepaid rent 2.500 12 Orange Ltd $30,000 $ 38,390 Equipment (paid cash on 1 April 40,000 16 cheque no.122 S 1,000 37,390 Accounts Payable $ 25,000 17 Cherry Ltd $ 4,200 41,590 Bank loan 82,670 18 cheque no.121 25,000 $ 16,590 Capital 30,000 20 cheque no. 124 1.000 15,590 Drawings 5.000 25 cheque no.126 150 $ 15,440 Sales $ 73,000 28 cheque no.123 320 Purchases 72,000 29 cheque no.128 S 1.000 Electricity $ 1.970 30 bank service fees S 25 $ 15,120 14,095 14,120 Equipment Maintenance Costs $ 1,460 Insurance Equipment 300 Interest $ 1,000 Office Supplies 320 Rent $ 5.500 Telephone 680 Wages $ 3.500 Opening Inventory $ 20,000 $210.670 210,670 Syd Gee Ltd Opening Trial Balance 1 June 2021 BANK STATEMENT As at 30 June 2021 DATE PARTICULARS DEBIT CREDIT BALANCE Account Debit Credit June 1 S 9.940 Cash at bank $ 9.940 1 cheque no.119 200 S 8,740 Accounts Receivable 48,500 6 cheque no.120 350 S 8.390 Prepaid rent 2.500 12 Orange Ltd $30,000 $ 38,390 Equipment (paid cash on 1 April 40,000 16 cheque no.122 S 1,000 37,390 Accounts Payable $ 25,000 17 Cherry Ltd $ 4,200 41,590 Bank loan 82,670 18 cheque no.121 25,000 $ 16,590 Capital 30,000 20 cheque no. 124 1.000 15,590 Drawings 5.000 25 cheque no.126 150 $ 15,440 Sales $ 73,000 28 cheque no.123 320 Purchases 72,000 29 cheque no.128 S 1.000 Electricity $ 1.970 30 bank service fees S 25 $ 15,120 14,095 14,120 Equipment Maintenance Costs $ 1,460 Insurance Equipment 300 Interest $ 1,000 Office Supplies 320 Rent $ 5.500 Telephone 680 Wages $ 3.500 Opening Inventory $ 20,000 $210.670 210,670

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