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29- The following accounts are taken from the ledger of Gift company at Dec, 31, 2021: JF Account Title Account Title Cash 200 Long term loan 300 Capital 150 Equipment 310 Administration Expenses 726 Salaries Expanses 400 Revenue Prepare Trial Balance. Amount 20,000 25,000 120 80,000 522 8,000 220 38,000 JF 100 88,000 201 110 Inventories Marketing Expenses Retained Earnings A/P A/R Amount 6,000 5,000 2,000 3,000 11,000 8,000

29- The following accounts are taken from the ledger of Gift company at Dec, 31, 2021: JF Account Title Account Title Cash 200 Long term loan 300 Capital 150 Equipment 310 Administration Expenses 726 Salaries Expanses 400 Revenue Prepare Trial Balance. Amount 20,000 25,000 120 80,000 522 8,000 220 38,000 JF 100 88,000 201 110 Inventories Marketing Expenses Retained Earnings A/P A/R Amount 6,000 5,000 2,000 3,000 11,000 8,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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29- The following accounts are taken from the ledger of Gift company at Dec, 31, 2021: JF Account Title Amount JF Account Title 20,000 100 Cash 25,000 120 80,000 522 8,000 220 200 Long term loan 300 Capital 150 Equipment 310 Administration 726 Expenses Salaries Inventories (31.12.18) Share capital Salaries expenses Marketing Expenses A/R A/P Total Sales 38,000 88,000 Cost of goods sold Cash 201 Expanses 400 Revenue Prepare Trial Balance. 30-From the following balances of JAMAL Plc. as at 31.12.18. Prepare financial statement. DEBIT CREDIT RO'000 RO'000 Inventories Marketing Expenses Retained Earnings 110 A/P A/R Retained earnings (1.1.18) Long-term loan Computers (31.12.18) Accumulated depreciation: Computers (1.1.18) 3,240 3,480 5,916 2,760 29,916 72 37,800 Amount 6,000 5,000 2,000 3,000 11,000 8,000 83,184 9,720 4,692 43,956 6936 6000 11,880 83,184
Transcribed Image Text:29- The following accounts are taken from the ledger of Gift company at Dec, 31, 2021: JF Account Title Amount JF Account Title 20,000 100 Cash 25,000 120 80,000 522 8,000 220 200 Long term loan 300 Capital 150 Equipment 310 Administration 726 Expenses Salaries Inventories (31.12.18) Share capital Salaries expenses Marketing Expenses A/R A/P Total Sales 38,000 88,000 Cost of goods sold Cash 201 Expanses 400 Revenue Prepare Trial Balance. 30-From the following balances of JAMAL Plc. as at 31.12.18. Prepare financial statement. DEBIT CREDIT RO'000 RO'000 Inventories Marketing Expenses Retained Earnings 110 A/P A/R Retained earnings (1.1.18) Long-term loan Computers (31.12.18) Accumulated depreciation: Computers (1.1.18) 3,240 3,480 5,916 2,760 29,916 72 37,800 Amount 6,000 5,000 2,000 3,000 11,000 8,000 83,184 9,720 4,692 43,956 6936 6000 11,880 83,184
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