Prepare Extended Trial Balance from the following information of the Sony Company for the year ended 31^st December 2013

Particulars	OMR
Sales	48000
Debtors	7200
Provision for doubtful debts	240
Creditors	1920
Returns inwards (Sales returns)	960
Capital	28800
Returns outwards (Purchases returns)	1440
Purchases	30240
Cash at bank	4960
Electricity expenses	1280
Value added tax	768
Machinery at cost	24000
Machinery – provision for depreciation	12000
Motor vehicles at cost	14400
Motor vehicles – provision for depreciation	5840
15% Bank loan	3840
Interest paid	512
Rent	4800
Salaries	5520
Bad debts	240
Opening stock	4800
Drawings	2400

Adjustments:

• Closing stock was valued at cost OMR 1200.
• The provision for doubtful debts is to be 5% of debtors.
• Electricity outstanding OMR 120.
• Rent has been prepaid by OMR 800.
• Depreciation is to be provided for as follows:
• Motor vehicles: 20% straight line method.
• Machinery: 25% reducing balance method.
• Interest on bank loan to be paid at 15% per annum

Answer rating: 100% (QA)

Notes Cost of good Bold Opening Stock Add purchases less retron hers closing stock Allowa... View the full answer