The following trial balance has been extracted from the books of Yan Co. as at 30...

 

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The following trial balance has been extracted from the books of Yan Co. as at 30 April 2022: Capital Insurance Salaries & wages Rent received Motor vans Trade receivables Trade payables Land and building Sales 5% loan Commission received Additional information: a. b. C. d. e. Debit $ 3,650 10,910 67,300 23,490 200,000 305,350 Credit $ 90,000 24,000 15,728 120,000 50,000 5.622 305,350 The insurance paid was for five months commencing on 1 April 2022. Salary of $500 will be paid on 6 May 2022. Rent earned of $2,000 for April 2022 has not been received or recorded. The 5% loan was taken on 1 February 2022. Interest expense has not been accounted for. A deposit of $8,000 received from a customer for goods to be delivered in May 2022 was recorded in the sales account. Required: Prepare an adjusted Trial Balance as at 30 April 2022 incorporating the additional information shown above. The following trial balance has been extracted from the books of Yan Co. as at 30 April 2022: Capital Insurance Salaries & wages Rent received Motor vans Trade receivables Trade payables Land and building Sales 5% loan Commission received Additional information: a. b. C. d. e. Debit $ 3,650 10,910 67,300 23,490 200,000 305,350 Credit $ 90,000 24,000 15,728 120,000 50,000 5.622 305,350 The insurance paid was for five months commencing on 1 April 2022. Salary of $500 will be paid on 6 May 2022. Rent earned of $2,000 for April 2022 has not been received or recorded. The 5% loan was taken on 1 February 2022. Interest expense has not been accounted for. A deposit of $8,000 received from a customer for goods to be delivered in May 2022 was recorded in the sales account. Required: Prepare an adjusted Trial Balance as at 30 April 2022 incorporating the additional information shown above.

Answer rating: 100% (QA)

To prepare the adjusted trial balance as of April 30 2022 we need to incorporate the additional information provided Lets address each item one by one ... View the full answer