Grimault a sole trade, extracted the trial balance (below) as at 30 June 2018, which doesn't...

 

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Grimault a sole trade, extracted the trial balance (below) as at 30 June 2018, which doesn't balance so he has opened a suspense for the difference of Debit 7,200. Uncorrected Trial Balance as at 30 June 2018 Debit Credit Fixture and fittings 7,500 Motor Vehicles 6,000 Stock Trade receivables Balance at Bank Trade payables Sales 18,000 10,800 2,550 10,350 198,000 Cost of Sales 118,800 Admin expenses 17,700 Sales and distribution 50,250 expenses Drawings Capital 14,550 45,000 246.150 253,350 Total In addition, the following errors have also been discovered: Grimault a sole trade, extracted the trial balance (below) as at 30 June 2018, which doesn't balance so he has opened a suspense for the difference of Debit 7,200. Uncorrected Trial Balance as at 30 June 2018 Debit Credit Fixture and fittings 7,500 Motor Vehicles 6,000 Stock Trade receivables Balance at Bank Trade payables Sales 18,000 10,800 2,550 10,350 198,000 Cost of Sales 118,800 Admin expenses 17,700 Sales and distribution 50,250 expenses Drawings Capital 14,550 45,000 246.150 253,350 Total In addition, the following errors have also been discovered:

Answer rating: 100% (QA)

Solution a Journal entries 1 Drawings 900 Purchases 900 2 Fixtures fittings 6750 Suspense ac 6... View the full answer