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Commission Payments from credit customers Cash sales Rent received Bal c/d List of balances: Details Motor vehicle Machinery & equipment Building Debtors Creditors Utilities prepaid Rent expense owing Rent received prepaid Stock Loan 43,700 67,500 154,000 50,000 82,800 398,000 Cashbook Bal b/d Loan repayment Payments to credit suppliers Cash purchases Wages Utilities Rent expense Machinery & equipment Drawings Office expenses Oct 1 Sep 30 301,000 289,000 172,000 194,000 970,000 935,000 17,200 11,400 7,500 8,500 11,200 23,800 9,500 9,000 4,500 6,400 18,500 21,000 150,000 115,000 Additional notes: 119,500 35,000 63,500 34,000 52,700 22,000 18,500 24,500 17,000 11,300 398,000 Stock taken for personal use amounted to $9,500. Amounts written off as bad debts totaled $6,500. Discounts given to credit customers amounted to $3,200.

Commission Payments from credit customers Cash sales Rent received Bal c/d List of balances: Details Motor vehicle Machinery & equipment Building Debtors Creditors Utilities prepaid Rent expense owing Rent received prepaid Stock Loan 43,700 67,500 154,000 50,000 82,800 398,000 Cashbook Bal b/d Loan repayment Payments to credit suppliers Cash purchases Wages Utilities Rent expense Machinery & equipment Drawings Office expenses Oct 1 Sep 30 301,000 289,000 172,000 194,000 970,000 935,000 17,200 11,400 7,500 8,500 11,200 23,800 9,500 9,000 4,500 6,400 18,500 21,000 150,000 115,000 Additional notes: 119,500 35,000 63,500 34,000 52,700 22,000 18,500 24,500 17,000 11,300 398,000 Stock taken for personal use amounted to $9,500. Amounts written off as bad debts totaled $6,500. Discounts given to credit customers amounted to $3,200.

FINANCIAL ACCOUNTING
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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the information in the screenshot we should use to to do the follwoing for year ending sep 30 2020.

 

  1. Trial balance
  2. statment lf profit and loss
  3. statement of finincial position

workings must show workings used to get the trial balance such as the statment of affairs and control accounts.

Please avoid solution in image format thank you

Commission Payments from credit customers Cash sales Rent received Bal c/d List of balances: Details Motor vehicle Machinery & equipment Building Debtors Creditors Utilities prepaid Rent expense owing Rent received prepaid Stock Loan 43,700 67,500 154,000 50,000 82,800 398,000 Oct 1 301,000 172,000 970,000 17,200 11,400 7,500 8,500 11,200 18,500 150,000 Cashbook Bal b/d Loan repayment Payments to credit suppliers Cash purchases Wages Utilities Rent expense Machinery & equipment Drawings Office expenses Sep 30 289,000 194,000 935,000 23,800 9,500 9,000 4,500 6,400 21,000 115,000 Additional notes: 119,500 35,000 63,500 34,000 52,700 22,000 18,500 24,500 17,000 11,300 398,000 Stock taken for personal use amounted to $9,500. Amounts written off as bad debts totaled $6,500. • Discounts given to credit customers amounted to $3,200. 2
Transcribed Image Text:Commission Payments from credit customers Cash sales Rent received Bal c/d List of balances: Details Motor vehicle Machinery & equipment Building Debtors Creditors Utilities prepaid Rent expense owing Rent received prepaid Stock Loan 43,700 67,500 154,000 50,000 82,800 398,000 Oct 1 301,000 172,000 970,000 17,200 11,400 7,500 8,500 11,200 18,500 150,000 Cashbook Bal b/d Loan repayment Payments to credit suppliers Cash purchases Wages Utilities Rent expense Machinery & equipment Drawings Office expenses Sep 30 289,000 194,000 935,000 23,800 9,500 9,000 4,500 6,400 21,000 115,000 Additional notes: 119,500 35,000 63,500 34,000 52,700 22,000 18,500 24,500 17,000 11,300 398,000 Stock taken for personal use amounted to $9,500. Amounts written off as bad debts totaled $6,500. • Discounts given to credit customers amounted to $3,200. 2
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