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STAY AT HOME Co. Limited is a manufacturing company producing Nose Masks in large quantities. The following balances were extracted from its books on 30th September, 2019. Inventory 01/10/2018 Raw materials Work – in - progress Finished goods Sales (114,000 pieces @ GH¢5 each) Carriage on raw materials General expenses Selling expenses Plant and Machinery GH¢ 28,800 39,000 33,600 570,000 1,470 25,200 51,840 250,280 50,000 32,120 816 Land Bank overdraft Retained earnings Ordinary share capital 8% preference share capital Goodwill 200,000 22,000 40,000 Bad debts Trade receivables Discount allowed 830 36,433 1,440 56,636 8,840 2,250 1,920 2,280 126,000 4,860 168,000 9,000 15,000 13,600 40,800 4,920 Sundry payables Trade investments Advertising Discount received Carriage outwards Production wages Office salaries Purchase of raw materials Returns inwards Needles Factory rent Office insurance Depreciation of plant and machinery Inventory 30/09/2019 Raw materials 35,400 39,120 3,000 Work -in - progress Loose tools

STAY AT HOME Co. Limited is a manufacturing company producing Nose Masks in large quantities. The following balances were extracted from its books on 30th September, 2019. Inventory 01/10/2018 Raw materials Work – in - progress Finished goods Sales (114,000 pieces @ GH¢5 each) Carriage on raw materials General expenses Selling expenses Plant and Machinery GH¢ 28,800 39,000 33,600 570,000 1,470 25,200 51,840 250,280 50,000 32,120 816 Land Bank overdraft Retained earnings Ordinary share capital 8% preference share capital Goodwill 200,000 22,000 40,000 Bad debts Trade receivables Discount allowed 830 36,433 1,440 56,636 8,840 2,250 1,920 2,280 126,000 4,860 168,000 9,000 15,000 13,600 40,800 4,920 Sundry payables Trade investments Advertising Discount received Carriage outwards Production wages Office salaries Purchase of raw materials Returns inwards Needles Factory rent Office insurance Depreciation of plant and machinery Inventory 30/09/2019 Raw materials 35,400 39,120 3,000 Work -in - progress Loose tools

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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STAY AT HOME Co. Limited is a manufacturing company producing Nose Masks in large quantities. The following balances were extracted from its books on 30th September, 2019. Inventory 01/10/2018 Raw materials Work – in - progress Finished goods Sales (114,000 pieces @ GH¢5 each) Carriage on raw materials General expenses Selling expenses Plant and Machinery GH¢ 28,800 39,000 33,600 570,000 1,470 25,200 51,840 250,280 50,000 32,120 816 Land Bank overdraft Retained earnings Ordinary share capital 8% preference share capital Goodwill 200,000 22,000 40,000 Bad debts Trade receivables Discount allowed 830 36,433 1,440 56,636 8,840 2,250 1,920 2,280 126,000 4,860 168,000 9,000 15,000 13,600 40,800 4,920 Sundry payables Trade investments Advertising Discount received Carriage outwards Production wages Office salaries Purchase of raw materials Returns inwards Needles Factory rent Office insurance Depreciation of plant and machinery Inventory 30/09/2019 Raw materials 35,400 39,120 3,000 Work -in - progress Loose tools
Transcribed Image Text:STAY AT HOME Co. Limited is a manufacturing company producing Nose Masks in large quantities. The following balances were extracted from its books on 30th September, 2019. Inventory 01/10/2018 Raw materials Work – in - progress Finished goods Sales (114,000 pieces @ GH¢5 each) Carriage on raw materials General expenses Selling expenses Plant and Machinery GH¢ 28,800 39,000 33,600 570,000 1,470 25,200 51,840 250,280 50,000 32,120 816 Land Bank overdraft Retained earnings Ordinary share capital 8% preference share capital Goodwill 200,000 22,000 40,000 Bad debts Trade receivables Discount allowed 830 36,433 1,440 56,636 8,840 2,250 1,920 2,280 126,000 4,860 168,000 9,000 15,000 13,600 40,800 4,920 Sundry payables Trade investments Advertising Discount received Carriage outwards Production wages Office salaries Purchase of raw materials Returns inwards Needles Factory rent Office insurance Depreciation of plant and machinery Inventory 30/09/2019 Raw materials 35,400 39,120 3,000 Work -in - progress Loose tools
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