6. Prepare Extended Trial balance using spread sheet.Account Title£Account Title£36,320 Rent and Rates173,500 Travelling Expenses34,300 Carriage Inward1,880 Sundry Creditors11,100 Capital1,670 Purchases460 Sundry Debtors1,000 DrawingsSalaries3,220Sales2,630Plant & MachineryCommission exp24014,260Stock on 1.4.200262,500Repairs144,670Sundry Expenses1,430Returns Inward3,500Discount Allowed1,150 Cash at Bank1,090Returns Outward400 Investments6,000Adjustment:Closing stock £.25,000,22Rent due not yet paid £.280,Salaries outstanding £. 280

Trial balance means a statement which include all the debit or credit balances of accounts from…

6. Prepare Extended Trial balance using spread sheet. Account Title £ Account Title £ Salaries 36,320 Rent and Rates 3,220 173,500 Travelling Expenses 34,300 Carriage Inward 1,880 Sundry Creditors 11,100 Capital 1,670 Purchases 460 Sundry Debtors 1,000 Drawings 1,150 Cash at Bank 400 Investments Sales 2,630 Plant & Machinery Commission exp Stock on 1.4.2002 Repairs Sundry Expenses 240 14,260 62,500 144,670 1,430 Returns Inward 3,500 Discount Allowed 1,090 Returns Outward 6,000 Adjustment: • Closing stock £.25,000, 22 Rent due not yet paid £.280, Salaries outstanding £. 280

6. Prepare Extended Trial balance using spread sheet. Account Title £ Account Title £ Salaries 36,320 Rent and Rates 3,220 173,500 Travelling Expenses 34,300 Carriage Inward 1,880 Sundry Creditors 11,100 Capital 1,670 Purchases 460 Sundry Debtors 1,000 Drawings 1,150 Cash at Bank 400 Investments Sales 2,630 Plant & Machinery Commission exp Stock on 1.4.2002 Repairs Sundry Expenses 240 14,260 62,500 144,670 1,430 Returns Inward 3,500 Discount Allowed 1,090 Returns Outward 6,000 Adjustment: • Closing stock £.25,000, 22 Rent due not yet paid £.280, Salaries outstanding £. 280

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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