The following is Exhibitor Ltd.'s Trial Balance as at 31 December 202: Dr. (S) Cr. (S)...

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The following is Exhibitor Ltd.'s Trial Balance as at 31 December 202: Dr. (S) Cr. (S) Bank 4,000 Capital 20,500 Depreciation (as at January 1, 2021): Furniture 3,600 Drawings 10,000 Electricity 2,000 Furniture, at cost 9,000 Insurance 1,500 Micellaneous Expenses 65,800 Purchases 80,000 Sales 150,000 Stock 10,000 20,000 Trade creditors Trade debtors 19,800 198,100 198,100 Additional Information 1. Stock held on hand as at 31 December 2021: $15,000 2. Furniture is to be depreciated at a rate of 10 per cent per annum on cost. 3. As at 31 December 2021, the company owes the electricity board $600, and $100 had been paid in advanced for insurance. 4. There were in total $3,500 of unbilled invoices at the end of December 2021. *Note: The accounts above are not arranged in the proper Trial Balance order. Required: Prepare Exhibitor Ltd.'s Adjusted Trial Balance, Income Summary for the year to 31 December 2021 and a Balance Sheet as at that date. The following is Exhibitor Ltd.'s Trial Balance as at 31 December 202: Dr. (S) Cr. (S) Bank 4,000 Capital 20,500 Depreciation (as at January 1, 2021): Furniture 3,600 Drawings 10,000 Electricity 2,000 Furniture, at cost 9,000 Insurance 1,500 Micellaneous Expenses 65,800 Purchases 80,000 Sales 150,000 Stock 10,000 20,000 Trade creditors Trade debtors 19,800 198,100 198,100 Additional Information 1. Stock held on hand as at 31 December 2021: $15,000 2. Furniture is to be depreciated at a rate of 10 per cent per annum on cost. 3. As at 31 December 2021, the company owes the electricity board $600, and $100 had been paid in advanced for insurance. 4. There were in total $3,500 of unbilled invoices at the end of December 2021. *Note: The accounts above are not arranged in the proper Trial Balance order. Required: Prepare Exhibitor Ltd.'s Adjusted Trial Balance, Income Summary for the year to 31 December 2021 and a Balance Sheet as at that date.

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Exhibitors Ltd ADJUSTED TRIAL BALANCE As at December 31 2021 Debit Account Name Bank Capital Depreci... View the full answer