The following data of HASF Company is available with you. You are required to prepare the followings. Particulars Debit Credit CASH 102,000 INVENTORY 124,500 ACCOUNTS RECEIVABLES 12,000 SHORT TERM INVESTMENT 25,000 FURNITURE 100,000 BUILDING 500,000 UNEARNED REVENUE 27,000 ACCOUNTS PAYABLE 9,000 ACC.DEP.PLANT-FURNITURE 5,000 ACC.DEP.BUILDING 6,000 EQUITY 200,000 CONSULTANCY REVENUE 650,000 REPAIR EXPENSE 2,000 RENT EXPENSE 3,500 INSURANCE EXPSNES 1,000 OTHER GENERAL EXPNSE 1,200 UTILITY EXPENSE 6,000 SALARIES EXPENSE 10,000 INTEREST EXPENSE 800 DEPRECIATION EXPENSE 11,000 SALARIES PAYABLE 2,000 TOTAL 899,000 899000 Required Income Statement Statement of Owner’s Equity Balance Sheet
Question No.6
The following data of HASF Company is available with you. You are required to prepare the followings.
|
Particulars |
Debit |
Credit |
|
CASH |
102,000 |
|
|
INVENTORY |
124,500 |
|
|
|
12,000 |
|
|
SHORT TERM INVESTMENT |
25,000 |
|
|
FURNITURE |
100,000 |
|
|
BUILDING |
500,000 |
|
|
UNEARNED REVENUE |
|
27,000 |
|
ACCOUNTS PAYABLE |
|
9,000 |
|
ACC.DEP.PLANT-FURNITURE |
|
5,000 |
|
ACC.DEP.BUILDING |
|
6,000 |
|
EQUITY |
|
200,000 |
|
CONSULTANCY REVENUE |
|
650,000 |
|
REPAIR EXPENSE |
2,000 |
|
|
RENT EXPENSE |
3,500 |
|
|
INSURANCE EXPSNES |
1,000 |
|
|
OTHER GENERAL EXPNSE |
1,200 |
|
|
UTILITY EXPENSE |
6,000 |
|
|
SALARIES EXPENSE |
10,000 |
|
|
INTEREST EXPENSE |
800 |
|
|
|
11,000 |
|
|
SALARIES PAYABLE |
|
2,000 |
|
TOTAL |
899,000 |
899000 |
Required
- Income Statement
- Statement of Owner’s Equity
Balance Sheet
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