Stock at 31 March 20X9 was 58,440.0 9.6A F Brown drew up the following trial balance...

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Stock at 31 March 20X9 was £58,440.0 9.6A F Brown drew up the following trial balance as at 30 September 20X8. You are to draft the trading and profit and loss account for the year ended 30 September 20X8 and a balance sheet as at that date. Dr Cr £ Capital Drawings Cash at bank Cash in hand Debtors Creditors Stock 30 September 20X7 Van Office equipment Sales Purchases Returns inwards Carriage inwards Returns outwards Carriage outwards Motor expenses Rent Telephone charges Wages and salaries Insurance Office expenses Sundry expenses 28,600 4,420 112 38,100 Stock Equipment Creditor (OK Ltd) Debtor (AB Ltd) Bank balance During July, she: Sold goods for 72,410 5,650 7,470 254,810 2,110 760 2,850 1,490 8,200 680 39,600 745 49,675 5,000 3,700 26,300 391,400 392 216 468,615 468,615 Stock at 30 September 20X8 was £89,404. 9.8A Ms Porter's business position at 1 July was as follows: £ 1,200 500 300 1,240 3,200 12:28 Back sole trader assignment Qurce equipmen Sales Purchases Returns inwards Carriage inwards Returns outwards Carriage outwards Motor expenses Rent Telephone charges Wages and salaries Insurance Office expenses Sundry expenses Stock Equipment Creditor (OK Ltd) Debtor (AB Ltd) Bank balance During July, she: 72970 254,810 2,110 760 2,850 Paid general expenses by cheque AB Ltd paid by cheque Stock at 31 July was £6,200 1,490 8,200 680 39,600 745 392 216 Sold goods for cash-paid to bank Sold goods to AB Limited Bought goods from OK Ltd on credit Paid OK Ltd by cheque 468,615 Stock at 30 September 20X8 was £89,404. 9.8A Ms Porter's business position at 1 July was as follows: £ 468,615 391,400 5,000 3,700 LTE 500 300 1,200 3,200 600 1,240 3,900 3,000 500 300 Required: (a) Open ledger accounts (including capital) at I July (b) Record all transactions (c) Prepare a trial balance (d) Prepare a trading and profit and loss account for the period (e) Prepare a balance sheet at 31 July Stock at 31 March 20X9 was £58,440.0 9.6A F Brown drew up the following trial balance as at 30 September 20X8. You are to draft the trading and profit and loss account for the year ended 30 September 20X8 and a balance sheet as at that date. Dr Cr £ Capital Drawings Cash at bank Cash in hand Debtors Creditors Stock 30 September 20X7 Van Office equipment Sales Purchases Returns inwards Carriage inwards Returns outwards Carriage outwards Motor expenses Rent Telephone charges Wages and salaries Insurance Office expenses Sundry expenses 28,600 4,420 112 38,100 Stock Equipment Creditor (OK Ltd) Debtor (AB Ltd) Bank balance During July, she: Sold goods for 72,410 5,650 7,470 254,810 2,110 760 2,850 1,490 8,200 680 39,600 745 49,675 5,000 3,700 26,300 391,400 392 216 468,615 468,615 Stock at 30 September 20X8 was £89,404. 9.8A Ms Porter's business position at 1 July was as follows: £ 1,200 500 300 1,240 3,200 12:28 Back sole trader assignment Qurce equipmen Sales Purchases Returns inwards Carriage inwards Returns outwards Carriage outwards Motor expenses Rent Telephone charges Wages and salaries Insurance Office expenses Sundry expenses Stock Equipment Creditor (OK Ltd) Debtor (AB Ltd) Bank balance During July, she: 72970 254,810 2,110 760 2,850 Paid general expenses by cheque AB Ltd paid by cheque Stock at 31 July was £6,200 1,490 8,200 680 39,600 745 392 216 Sold goods for cash-paid to bank Sold goods to AB Limited Bought goods from OK Ltd on credit Paid OK Ltd by cheque 468,615 Stock at 30 September 20X8 was £89,404. 9.8A Ms Porter's business position at 1 July was as follows: £ 468,615 391,400 5,000 3,700 LTE 500 300 1,200 3,200 600 1,240 3,900 3,000 500 300 Required: (a) Open ledger accounts (including capital) at I July (b) Record all transactions (c) Prepare a trial balance (d) Prepare a trading and profit and loss account for the period (e) Prepare a balance sheet at 31 July

Answer rating: 100% (QA)

To draft the trading and profit and loss account for the year ended 30 September 20X8 and a balance sheet as at that date we need to calculate the values for various income and expense items based on ... View the full answer