From the following 30 6 2021 Trial Balance you are to required b) Prepare the Trading, Profit Loss, and Capital General Ledger Accounts Brisbane Camping World Trial Balance as at 30 June 2021 Account...

Question

From the following 30 6 2021 Trial Balance you are to required b) Prepare the Trading, Profit Loss, and Capital General Ledger Accounts Brisbane Camping World Trial Balance as at 30 June 2021 Account Name DR CR Cash at Bank 3,106 Accounts Receivable 10,388 Inventory 9,348 Land Buildings 101,000 Mot...

Accepted Answer

Tr ading Account DR CR Sales 183 440 Cost of Goods Sold 110 802 G ross Profit 72 6 38 Pro fit Loss ...

Account Name	DR	CR
Cash at Bank	3,106
Accounts Receivable	10,388
Inventory	9,348
Land & Buildings	101,000
Motor Vehicles	25,000
Plant & Machinery	21,000
Accounts Payable		3,000
GST Collected		12,011
GST Paid	13,738
Mortgage		41,000
Capital		124,476
Drawings	14,135
Sales		183,440
Cost of Goods Sold	110,802
Advertising	2,700
Bad Debts	1,200
Discount Allowed	1,407
Freight Out	1,846
General Expenses	18,912
Insurance	3,450
Electricity	2,487
Motor Vehicle Expenses	3,348
Wages & Salaries	17,070
Telephone Expenses	2,990

	363,927	363,927

From the following 30/6/2021 Trial Balance you are to required b) Prepare the Trading, Profit & Loss,

Question:

Accounting

From the following 30/6/2021 Trial Balance you are to required b) Prepare the Trading, Profit & Loss,

Question:

Expert Answer:

Tr ading Account DR CR Sales 183 440 Cost of Goods Sold 110 802 G ross Profit 72 6 38 Pro fit Loss ... View the full answer

Accounting