Account Balances Cash at Bank Accounts Receivable GST Collected Inventory as at 30 June, 2014 Motor Vehicles at cost Store Equipment at cost Accumulated Depreciation: Motor Vehicles Accumulated Depreciation: Store Equipment Accounts Payable Bank Loan Capital: R. Ruff Drawings: Sales PAYG Withheld Cost of Goods Sold Petty Cash Accounting Fees Advertising Bank Charges Insurance Electricity Motor Vehicle expenses Sales commissions paid Staff Salaries Telephone GST Paid Rent $ 22,150 14,150 25,500 40,250 70,000 36,000 18,000 5,400 18,900 28,000 95,000 26,000 260,700 23,200 120,500 250 2,300 7,970 1,670 5,550 6,200 2,585 3,975 64,500 4,750 21,900 24,000

Account Balances Cash at Bank Accounts Receivable GST Collected Inventory as at 30 June, 2014 Motor Vehicles at cost Store Equipment at cost Accumulated Depreciation: Motor Vehicles Accumulated Depreciation: Store Equipment Accounts Payable Bank Loan Capital: R. Ruff Drawings: Sales PAYG Withheld Cost of Goods Sold Petty Cash Accounting Fees Advertising Bank Charges Insurance Electricity Motor Vehicle expenses Sales commissions paid Staff Salaries Telephone GST Paid Rent $ 22,150 14,150 25,500 40,250 70,000 36,000 18,000 5,400 18,900 28,000 95,000 26,000 260,700 23,200 120,500 250 2,300 7,970 1,670 5,550 6,200 2,585 3,975 64,500 4,750 21,900 24,000

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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