Edit Introduction to Accounting 1/Financial Accounting 1 ACC1101 CAT ONE (15 Marks) Attempt 9.4 and 9.5A as instructed in class CAT TWO 9:16 PM (101) (101) Question Assignment One and Two ( 20 Marks] Attempt the question on double entry given in class. post the entries in the ledger accounts and extract a trial bala Capital Drawings Debtors and creditors Sales Purchases Rent and rates Electricity Salaries and wages The following trial balance was extracted from the books of Mama Salim, a sole trader, as at 30 June Sh. Sh. Provision for doubtful debts as 1 July 2014 Stock at 1 July 2014 Insurances General expenses Bank balance Motor vehicles at cost Provision for depreciation of motor vehicles at 1 July 2014 Proceeds of sale of motor vehicle Motor vehicle expenses Freehold premises at cost Notes: 1. 2. 3. 4. 5. 6. DO סם Tools (15 Marks) Mobile View 88 C Share O K/s 2,829,600 10,587,200 7 X 86,820,200 776,000 49,000 11,273,500 786,600 12,654,800 34,400 2,116,400 11,300,000 772,200 14,000,000 45 153,999,900 כ 2 Stock at 30 June 2015 was valued at Sh. 13,376,800. Electricity due on 30 June 2015 was Sh. 120,000. Prepaid rates and insurances amounted to Sh. 18,000 and Sh. 19,400 respectively as at 30 Jur of the debtors, Sh. 167,200 are regarded as bad and the provision for doubtful debts is to be of the remaining debtors. 17 Depreciation on motor vehicles is to be provided for at 20% per annum on the straight line metho Rent receivable at 30 June 2015 was Sh. 15,000. 434,9 4,920,0 350,0 15 Edit on PC School Tools Edit Introduction to Accounting 1/Financial Accounting 1 ACC1101 CAT ONE (15 Marks) Attempt 9.4 and 9.5A as instructed in class CAT TWO 9:16 PM (101) (101) Question Assignment One and Two ( 20 Marks] Attempt the question on double entry given in class. post the entries in the ledger accounts and extract a trial bala Capital Drawings Debtors and creditors Sales Purchases Rent and rates Electricity Salaries and wages The following trial balance was extracted from the books of Mama Salim, a sole trader, as at 30 June Sh. Sh. Provision for doubtful debts as 1 July 2014 Stock at 1 July 2014 Insurances General expenses Bank balance Motor vehicles at cost Provision for depreciation of motor vehicles at 1 July 2014 Proceeds of sale of motor vehicle Motor vehicle expenses Freehold premises at cost Notes: 1. 2. 3. 4. 5. 6. DO סם Tools (15 Marks) Mobile View 88 C Share O K/s 2,829,600 10,587,200 7 X 86,820,200 776,000 49,000 11,273,500 786,600 12,654,800 34,400 2,116,400 11,300,000 772,200 14,000,000 45 153,999,900 כ 2 Stock at 30 June 2015 was valued at Sh. 13,376,800. Electricity due on 30 June 2015 was Sh. 120,000. Prepaid rates and insurances amounted to Sh. 18,000 and Sh. 19,400 respectively as at 30 Jur of the debtors, Sh. 167,200 are regarded as bad and the provision for doubtful debts is to be of the remaining debtors. 17 Depreciation on motor vehicles is to be provided for at 20% per annum on the straight line metho Rent receivable at 30 June 2015 was Sh. 15,000. 434,9 4,920,0 350,0 15 Edit on PC School Tools