Module Code Title: BUS3006 Accounting Programme Code/Year: Various (BA114*** and BA124***) Section B: Long Questions (Total 86 marks) B1. The following trial balance was extracted from the books of Owen Limited as at 31 December 2021: Trial Balance as at 31 December 2021 Dr. Cr. $ 520,000 300,000 72,300 1,000,000 555.000 721,500 155,000 210,000 349,900 714,088 56,690 9,300 Ordinary share capital General reserve Retained profits, at 1 January 2021 Bank loan, repayable in 2026 Office equipment, at cost Delivery vans, at cost Accumulated depreciation, at 1 January 2021 - Office equipment - Delivery vans Inventory, at 1 January 2021 Trade receivables Trade payables Allowance for doubtful debts, at 1 January 2021 Cash at bank Discounts received Sales Purchases Returns inwards Returns outwards Advertising expenses Bad debts Insurance Rent and rates Salaries and allowances Bank loan interest Carriage inwards Carriage outwards 1,096,137 5,000 4.404,005 1.245,040 26,300 14,800 240,000 10,000 180,000 850,000 679,330 40,000 20,000 19,800 6.747,095 6,747,095 Module Code Title: BUS3006 Accounting Programme Code/Year: Various (BA114*** and BA124***) Section B: Long Questions (Total 86 marks) B1. The following trial balance was extracted from the books of Owen Limited as at 31 December 2021: Trial Balance as at 31 December 2021 Dr. Cr. $ 520,000 300,000 72,300 1,000,000 555.000 721,500 155,000 210,000 349,900 714,088 56,690 9,300 Ordinary share capital General reserve Retained profits, at 1 January 2021 Bank loan, repayable in 2026 Office equipment, at cost Delivery vans, at cost Accumulated depreciation, at 1 January 2021 - Office equipment - Delivery vans Inventory, at 1 January 2021 Trade receivables Trade payables Allowance for doubtful debts, at 1 January 2021 Cash at bank Discounts received Sales Purchases Returns inwards Returns outwards Advertising expenses Bad debts Insurance Rent and rates Salaries and allowances Bank loan interest Carriage inwards Carriage outwards 1,096,137 5,000 4.404,005 1.245,040 26,300 14,800 240,000 10,000 180,000 850,000 679,330 40,000 20,000 19,800 6.747,095 6,747,095