Reconstruct the trial balance below after making the necessary corrections. Start with the balance on the trial balance and list only items that needs to adjusted. Show your workings Trial balance of T Higgins as at 30 September 2019 Debit credit £ £ Capital 19,956 Sales 119,439 Stationery 1,200 General Expenses 2,745 Motor expenses 4,476 Cash at bank 1,950 Inventory 7,668 Wages and salaries 9,492 Rent and Rates 10,500 Office equipment 6,000 Purchases 81,753 Heating and Lighting 2,208 Rent received 2,139 Account receivable 10,353 Drawings 4,200 Account payable 10,230 Motor Vehicle 7,500 Interest received 1,725 Insurance 3,444 153,489 153,489
Reconstruct the trial balance below after making the necessary corrections. Start with the balance on the trial balance and list only items that needs to adjusted. Show your workings Trial balance of T Higgins as at 30 September 2019 Debit credit £ £ Capital 19,956 Sales 119,439 Stationery 1,200 General Expenses 2,745 Motor expenses 4,476 Cash at bank 1,950 Inventory 7,668 Wages and salaries 9,492 Rent and Rates 10,500 Office equipment 6,000 Purchases 81,753 Heating and Lighting 2,208 Rent received 2,139 Account receivable 10,353 Drawings 4,200 Account payable 10,230 Motor Vehicle 7,500 Interest received 1,725 Insurance 3,444 153,489 153,489
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Reconstruct the
Trial balance of T Higgins as at 30 September 2019 |
||
|
Debit |
credit |
|
£ |
£ |
Capital |
19,956 |
|
Sales |
|
119,439 |
Stationery |
1,200 |
|
General Expenses |
2,745 |
|
Motor expenses |
|
4,476 |
Cash at bank |
1,950 |
|
Inventory |
7,668 |
|
Wages and salaries |
|
9,492 |
Rent and Rates |
10,500 |
|
Office equipment |
6,000 |
|
Purchases |
81,753 |
|
Heating and Lighting |
|
2,208 |
Rent received |
2,139 |
|
Account receivable |
10,353 |
|
Drawings |
|
4,200 |
Account payable |
|
10,230 |
Motor Vehicle |
7,500 |
|
Interest received |
1,725 |
|
Insurance |
|
3,444 |
|
153,489 |
153,489 |
|
|
|
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