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DUE DATE: WEDNESDAY 08th MAY, 2024 INSTRUCTIONS TO CANDIDATES: 1. Read all questions carefully. 2. Answer All Questions 3. Show all Workings 4. Your final answer must be presented clearly. 5. No late assignments will be accepted Question 1 ACCOUNTS PAYABLE 14,500.00 ACCOUNTS RECEIVABLE 7,500.00 CAPITAL STOCK 20,000.00 CASH 21,000.00 CONSULTING REVENUE 18,000.00 OFFICE EQUIPMENT 13,000.00 OFFICE SUPPLIES 500.00 RENT EXPENSE 9,000.00 UTILITIES EXPENSE 1,500.00 Instructions Above is a list of balances for Steel Works Construction as at 31 December 2023. The following additional information was provided: 1. Depreciation Charge on Office Equipment is $1,000 2. All Office Supplies were used during the period. 3. Rent Expense includes $2000 for January 2024 4. $300 was still owing on Utilities Expense You are required to prepare the adjusted Trial Balance for Steel Works Construction as at 31st December, 2023 (30 marks) END 2

DUE DATE: WEDNESDAY 08th MAY, 2024 INSTRUCTIONS TO CANDIDATES: 1. Read all questions carefully. 2. Answer All Questions 3. Show all Workings 4. Your final answer must be presented clearly. 5. No late assignments will be accepted Question 1 ACCOUNTS PAYABLE 14,500.00 ACCOUNTS RECEIVABLE 7,500.00 CAPITAL STOCK 20,000.00 CASH 21,000.00 CONSULTING REVENUE 18,000.00 OFFICE EQUIPMENT 13,000.00 OFFICE SUPPLIES 500.00 RENT EXPENSE 9,000.00 UTILITIES EXPENSE 1,500.00 Instructions Above is a list of balances for Steel Works Construction as at 31 December 2023. The following additional information was provided: 1. Depreciation Charge on Office Equipment is $1,000 2. All Office Supplies were used during the period. 3. Rent Expense includes $2000 for January 2024 4. $300 was still owing on Utilities Expense You are required to prepare the adjusted Trial Balance for Steel Works Construction as at 31st December, 2023 (30 marks) END 2

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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DUE DATE: WEDNESDAY 08th MAY, 2024 INSTRUCTIONS TO CANDIDATES: 1. Read all questions carefully. 2. Answer All Questions 3. Show all Workings 4. Your final answer must be presented clearly. 5. No late assignments will be accepted Question 1 ACCOUNTS PAYABLE 14,500.00 ACCOUNTS RECEIVABLE 7,500.00 CAPITAL STOCK 20,000.00 CASH 21,000.00 CONSULTING REVENUE 18,000.00 OFFICE EQUIPMENT 13,000.00 OFFICE SUPPLIES 500.00 RENT EXPENSE 9,000.00 UTILITIES EXPENSE 1,500.00 Instructions Above is a list of balances for Steel Works Construction as at 31 December 2023. The following additional information was provided: 1. Depreciation Charge on Office Equipment is $1,000 2. All Office Supplies were used during the period. 3. Rent Expense includes $2000 for January 2024 4. $300 was still owing on Utilities Expense You are required to prepare the adjusted Trial Balance for Steel Works Construction as at 31st December, 2023 (30 marks) END 2
Transcribed Image Text:DUE DATE: WEDNESDAY 08th MAY, 2024 INSTRUCTIONS TO CANDIDATES: 1. Read all questions carefully. 2. Answer All Questions 3. Show all Workings 4. Your final answer must be presented clearly. 5. No late assignments will be accepted Question 1 ACCOUNTS PAYABLE 14,500.00 ACCOUNTS RECEIVABLE 7,500.00 CAPITAL STOCK 20,000.00 CASH 21,000.00 CONSULTING REVENUE 18,000.00 OFFICE EQUIPMENT 13,000.00 OFFICE SUPPLIES 500.00 RENT EXPENSE 9,000.00 UTILITIES EXPENSE 1,500.00 Instructions Above is a list of balances for Steel Works Construction as at 31 December 2023. The following additional information was provided: 1. Depreciation Charge on Office Equipment is $1,000 2. All Office Supplies were used during the period. 3. Rent Expense includes $2000 for January 2024 4. $300 was still owing on Utilities Expense You are required to prepare the adjusted Trial Balance for Steel Works Construction as at 31st December, 2023 (30 marks) END 2
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