The following are the balances from Apple Ltd. at 30th September 2013 000 Share Capital...

  

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The following are the balances from Apple Ltd. at 30th September 2013 £ 000 Share Capital Share Premium 10%debentures Land Buildings Vehicles Stock (1st oct 2012) Cash in hand Trade Receivable Trade Payable Purchases Sales Warehouse wages Administration salaries Sales commissions Bad debts Directors' salaries Advertising Motor expenses Electricity Telephone and Postage Bank overdraft Auditors' fees Interest on debentures 1,500 750 600 1,300 1,380 710 880 750 460 591 3,650 6,540 310 190 69 20 280 350 230 180 110 19 71 60 (1) Stock on 30th September 2013 was valued at £740,000. Final dividend of 10p per share was proposed but unpaid. Taxation owed was estimated at £250,000. Retained Earnings carried forward from 1st October 2012 £1,000,000 Required: Prepare the Trading and Profit and Loss account and Balance sheet for Apple Ltd. as of 30th September 2013. The following are the balances from Apple Ltd. at 30th September 2013 £ 000 Share Capital Share Premium 10%debentures Land Buildings Vehicles Stock (1st oct 2012) Cash in hand Trade Receivable Trade Payable Purchases Sales Warehouse wages Administration salaries Sales commissions Bad debts Directors' salaries Advertising Motor expenses Electricity Telephone and Postage Bank overdraft Auditors' fees Interest on debentures 1,500 750 600 1,300 1,380 710 880 750 460 591 3,650 6,540 310 190 69 20 280 350 230 180 110 19 71 60 (1) Stock on 30th September 2013 was valued at £740,000. Final dividend of 10p per share was proposed but unpaid. Taxation owed was estimated at £250,000. Retained Earnings carried forward from 1st October 2012 £1,000,000 Required: Prepare the Trading and Profit and Loss account and Balance sheet for Apple Ltd. as of 30th September 2013.

Answer rating: 100% (QA)

Apple Ltd Trading and Profit and Loss Account Year Ended 30th September 2013 Sales Sales 6540000 Cos... View the full answer