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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please be quick ,I beg of you.
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.
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
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