Ashley Bakes has concluded its first year of operations. You are required to prepare a trial balance from the information given below for the year ended 30th June 2021. Cash $11500 Bank loan $30000 Trade receivables $16000 Rent expense $1200 Discounts allowed $200 Discounts received $500 Motor vehicles $21000 Commission income $2300 Interest expense $1100 Capital $10800 Buildings $25000 Sales revenue $54000 Salaries $4000 Electricity $2400 Purchases $32000 Water $1000 Trade payables $18500 Utilities $900 Purchases returns $3100 Sales returns $2900
- Ashley Bakes has concluded its first year of operations. You are required to prepare a
trial balance from the information given below for the year ended 30th June 2021.
Cash $11500
Bank loan $30000
Trade receivables $16000
Rent expense $1200
Discounts allowed $200
Discounts received $500
Motor vehicles $21000
Commission income $2300
Interest expense $1100
Capital $10800
Buildings $25000
Sales revenue $54000
Salaries $4000
Electricity $2400
Purchases $32000
Water $1000
Trade payables $18500
Utilities $900
Purchases returns $3100
Sales returns $2900
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