Here are the balances extracted from the books of Al-Nidal shops on 31/12/2011. 9000 dinars cash box,
Question:
Here are the balances extracted from the books of Al-Nidal shops on 31/12/2011.
9000 dinars cash box, 2500 dinars rental expense, 500 dinars purchase returns, 8000 dinars furniture, 3100 dinars securities income, 1200 personal withdrawals, 3500 dinars bank loan, 10,000 dinars securities, 6000 creditors, 3200 dinars advertising expense prepaid, 1200 dinars notes payment, 8000 dinars receivable 2,400 dinars notes receivable, 7,000 dinars computers, 15,000 dinars purchases, 12000 dinars sales, 400 dinars sales returns, 600 dinars bad debts, goods at the beginning of the period 5000, goods at the end of the period 4000, capital???????
Required :
• Preparing the trial balance with the balances of Al-Nidal shops on 31/12/2011.
• Preparing a trading account.
• Preparing the profit and loss account.
• Preparing the balance sheet (financial position).
Expert Answer:
Trial Balance As on 31122011 Debit Credit Cash 9000 Rent expense 2500 Purchase return 500 Furnit... View the full answer
