Question: i need with steps Example 5) Maxcat Treders have provided you with the following balances as at 31,12,2015 ACCT220 Introduction to Financial Accounting Additional Information





Example 5) Maxcat Treders have provided you with the following balances as at 31,12,2015 ACCT220 Introduction to Financial Accounting Additional Information 1- Closing stock at the end of accounting period was 45000 2. Salacies are 2000/ month 3- Rent expenses 3000/ month 4. Phone expense 1500/ month 5- Insurance expenses covers 4 years 6- Interest expenses 10000 not paid yet 7. Rent revenue2000/ month 8. Interest revenues 3000/ month 9. Service revenues 1500/ month Required: Prepare the Trial balance, find out the capital; Prepare income statement according to accrual basis, closing entries and balance sheet. ACCT220 Introduction to Financial Accounting ACCT220 Introduction to Financial Accounting satatatan. ACCT220 Introduction to Financial Accounting Example 5) Maxcat Treders have provided you with the following balances as at 31,12,2015 ACCT220 Introduction to Financial Accounting Additional Information 1- Closing stock at the end of accounting period was 45000 2. Salacies are 2000/ month 3- Rent expenses 3000/ month 4. Phone expense 1500/ month 5- Insurance expenses covers 4 years 6- Interest expenses 10000 not paid yet 7. Rent revenue2000/ month 8. Interest revenues 3000/ month 9. Service revenues 1500/ month Required: Prepare the Trial balance, find out the capital; Prepare income statement according to accrual basis, closing entries and balance sheet. ACCT220 Introduction to Financial Accounting ACCT220 Introduction to Financial Accounting satatatan. ACCT220 Introduction to Financial Accounting
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