PFA - Word Picture Tools Sign in File Home Insert Design Layout References Review View Help Format Mailings Question 3 Tell me what you want to do 1.045 Share The following trial balance was extracted from the books of Affutu Enterprises on 31 December 1998 DR c000 427,350 1.584,285 19.980 16,500 CR 000 834,351 2,236,305 14.680 18,430 348,510 Debtors and Creditors Purchases and Sales Returns inwards and Outwards Discount Stock 01/01/98 Cash and Bank Balances Office Equipment Furniture and fittings Salaries and Wages. Rent and Rates Telephone and Electricity Carriage Outwards Capitai Loan General Expenses 5% Debentures Printing and Stationery Transport and Traveling 716,190 130, 110 81,310 185.100 36.000 15,420 16.300 56,434 46,380 18.075 502,680 87.785 26,345 3.709.260 3109.260 Additional Information a b Stock as of 31" December 1998 is $82,673.00 Provide 75% for doubtful debts on debtors Telephone and Electricity bills owing $2,641.000 Depreciation on office equipment is at 10% per annum while furniture and fittings are depreciated at 12.5% per annum You are required to prepare trading profit and loss account for the year ended 31 December 1998 and a balance sheet as that date. FINANCIAL STATEMENTS OF MANUFACTURING ENTERPRISES Manufacturing businesses can be undertaken by sole traders, partnerships, companies and any other form of ownership Page 7 of 10 O words ng 108% i Search Windows x 8:29 AM 8/20/2020 PFA - Word Picture Tools Sign in File Home Insert Design Layout References Review View Help Format Mailings Question 3 Tell me what you want to do 1.045 Share The following trial balance was extracted from the books of Affutu Enterprises on 31 December 1998 DR c000 427,350 1.584,285 19.980 16,500 CR 000 834,351 2,236,305 14.680 18,430 348,510 Debtors and Creditors Purchases and Sales Returns inwards and Outwards Discount Stock 01/01/98 Cash and Bank Balances Office Equipment Furniture and fittings Salaries and Wages. Rent and Rates Telephone and Electricity Carriage Outwards Capitai Loan General Expenses 5% Debentures Printing and Stationery Transport and Traveling 716,190 130, 110 81,310 185.100 36.000 15,420 16.300 56,434 46,380 18.075 502,680 87.785 26,345 3.709.260 3109.260 Additional Information a b Stock as of 31" December 1998 is $82,673.00 Provide 75% for doubtful debts on debtors Telephone and Electricity bills owing $2,641.000 Depreciation on office equipment is at 10% per annum while furniture and fittings are depreciated at 12.5% per annum You are required to prepare trading profit and loss account for the year ended 31 December 1998 and a balance sheet as that date. FINANCIAL STATEMENTS OF MANUFACTURING ENTERPRISES Manufacturing businesses can be undertaken by sole traders, partnerships, companies and any other form of ownership Page 7 of 10 O words ng 108% i Search Windows x 8:29 AM 8/20/2020