Bank Cheque Account Deposits by Customers Cheque Book Stock Retained Earnings Capital Stock Cash Bank IT System Salaries Expense Fixtures & Fittings Rent Expense Bank Commission Income Land ? 32.500 Supplies Expense 3.623.410 Utilities Expense 2.400 Accounts Payable Accounts Receivable 2.200.000 Service Revenue 5.300.000 Supplies 70.400 Stamp Stock 45.000 Locker Rent Income 265.000 Reserves at Central Bank 37.600 Loan to Customers 510.000 Sale of Cheque Books 390.000 Stationary Expense 1.240 880 280.400 43.300 1.560.000 1.990 2.700 3.100 530.000 1.810.500 2.900 660

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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Bank Cheque Account
Deposits by Customers
Cheque Book Stock
Retained Earnings
Capital Stock
Cash
Bank IT System
Salaries Expense
Fixtures & Fittings
Rent Expense
Bank Commission Income
Land
Sale of Stamps
Accounting & Auditing Fees
Provision for Tax Payments
Advertising Expense
Building
?
Celebrity Bank
32.500 Supplies Expense
3.623.410 Utilities Expense
2.400 Accounts Payable
Accounts Receivable
Service Revenue
2.200.000
5.300.000 Supplies
70.400 Stamp Stock
45.000 Locker Rent Income
265.000 Reserves at Central
Bank
37.600 Loan to Customers
510.000 Sale of Cheque Books
390.000 Stationary Expense
1.760 Bank Overdraft in Other
Banks
55.600 Comuputer Consultancy
Expense
11.000 Interest Payable on Bank
Overdraft
12.400 Interest Expense
765.000 Cheques on Clearing
Required:
a) Prepare the income statement of Celebrity Bank for the year ended December 31, 2012.
b) Prepare the company's balance sheet at December 31, 2012.
1.240
880
280.400
43.300
1.560.000
1.990
2.700
3.100
530.000
1.810.500
2.900
660
901.750
33.500
291.400
38.700
11.350
Transcribed Image Text:Bank Cheque Account Deposits by Customers Cheque Book Stock Retained Earnings Capital Stock Cash Bank IT System Salaries Expense Fixtures & Fittings Rent Expense Bank Commission Income Land Sale of Stamps Accounting & Auditing Fees Provision for Tax Payments Advertising Expense Building ? Celebrity Bank 32.500 Supplies Expense 3.623.410 Utilities Expense 2.400 Accounts Payable Accounts Receivable Service Revenue 2.200.000 5.300.000 Supplies 70.400 Stamp Stock 45.000 Locker Rent Income 265.000 Reserves at Central Bank 37.600 Loan to Customers 510.000 Sale of Cheque Books 390.000 Stationary Expense 1.760 Bank Overdraft in Other Banks 55.600 Comuputer Consultancy Expense 11.000 Interest Payable on Bank Overdraft 12.400 Interest Expense 765.000 Cheques on Clearing Required: a) Prepare the income statement of Celebrity Bank for the year ended December 31, 2012. b) Prepare the company's balance sheet at December 31, 2012. 1.240 880 280.400 43.300 1.560.000 1.990 2.700 3.100 530.000 1.810.500 2.900 660 901.750 33.500 291.400 38.700 11.350
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