Homework Help is Here – Start Your Trial Now!
Business
Accounting
From the following list of balances, prepare a trial balance as at 31 December 2020 for Arusha James. Plant and Machinery 21 450 Motor Vehicles Premises Wages 26 000 80 000 42 840 Purchases Sales Rent Received Telephone, printing and stationery Accounts Payable Accounts Receivable Bank Overdraft Capital Drawings General Expenses Lighting and heating Motor Expenses Inventory (1 January 2020) Discount Recerved 119 856 179 744 3 360 3 600 27200 30440 2216 10 680 3 584 2960 2 360 9 000 000

From the following list of balances, prepare a trial balance as at 31 December 2020 for Arusha James. Plant and Machinery 21 450 Motor Vehicles Premises Wages 26 000 80 000 42 840 Purchases Sales Rent Received Telephone, printing and stationery Accounts Payable Accounts Receivable Bank Overdraft Capital Drawings General Expenses Lighting and heating Motor Expenses Inventory (1 January 2020) Discount Recerved 119 856 179 744 3 360 3 600 27200 30440 2216 10 680 3 584 2960 2 360 9 000 000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Please be quick ,I beg of you.
Taxes Expense Inventory (31 December 2020) Table 2. Required: A. Prepare a Trial Balance as at 31 December 2020 for Arusha James. B. Explain THREE (3) purposes of the Trial Balance.
Transcribed Image Text:Taxes Expense Inventory (31 December 2020) Table 2. Required: A. Prepare a Trial Balance as at 31 December 2020 for Arusha James. B. Explain THREE (3) purposes of the Trial Balance.
Queztion 3 From the following list of balances, prepare a trial balance as at 31 December 2020 for Arusha James. %24 Plant and Machinery Motor Vehicles Premises Wages 21 450 26 000 80 000 42840 Purchases Sales Rent Received Telephone, printing and stationery Accounts Payable Accounts Receivable Bank Overdraft Capital Drawings General Expenses Lighting and heating Motor Expenses Inventory (1 January 2020) Discount Receirved Retums Inwards Interest Received Retums outwards Commission Receirved Cash in hand Taxes Expense Inventory (51 December 2020) 119 856 179 744 3 360 3 600 27 200 30 440 2216 10680 3 584 2 960 2 360 9 000 7 000 S 500 20000 3 200 5 300 12000 6 000 15 000
Transcribed Image Text:Queztion 3 From the following list of balances, prepare a trial balance as at 31 December 2020 for Arusha James. %24 Plant and Machinery Motor Vehicles Premises Wages 21 450 26 000 80 000 42840 Purchases Sales Rent Received Telephone, printing and stationery Accounts Payable Accounts Receivable Bank Overdraft Capital Drawings General Expenses Lighting and heating Motor Expenses Inventory (1 January 2020) Discount Receirved Retums Inwards Interest Received Retums outwards Commission Receirved Cash in hand Taxes Expense Inventory (51 December 2020) 119 856 179 744 3 360 3 600 27 200 30 440 2216 10680 3 584 2 960 2 360 9 000 7 000 S 500 20000 3 200 5 300 12000 6 000 15 000
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Money Management and Achieving Financial Goals
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS