The following were extracted from the books of NJOKA as at 30 September 2016.SHCash in HandCash in BankInventory, 1 September 2016ReceivablesPayablesReturns InwardsSalesPurchasesCapitalSalariesWater and ElectricityPostageDrawingsInventory, 30 September 2016Furniture & FittingsMotor VanLoan (ADB Bank)Rent ReceivedOffice Rent12,000110,000210,00080,000100,0005,000560,000205,000149,00040,0006,0002,0009,000135,00075,000350,000300,00012,00017,000REQUIRED:1) Prepare a Trial Balance from the above balances.2) Prepare the statement of Comprehensive income for the month of September.3) Prepare the statement of Financial Position for as at 30 September 2016.

Trial Balance Particulars Debit Credit Cash in Hand 12000 Cash at Bank 110000…

The following were extracted from the books of NJOKA as at 30° September 2016. SH 12,000 110,000 210,000 Cash in Hand Cash in Bank Inventory, 1 September 2016 Receivables Payables Returns Inwards Sales Purchases Capital Salaries Water and Electricity Postage Drawings Inventory, 30 September 2016 Furniture & Fittings Motor Van Loan (ADB Bank) Rent Received Office Rent REQUIRED: 80,000 100,000 5,000 560,000 205,000 149,000 40,000 6,000 2,000 9,000 135,000 75,000 350,000 300,000 12,000 17,000

The following were extracted from the books of NJOKA as at 30° September 2016. SH 12,000 110,000 210,000 Cash in Hand Cash in Bank Inventory, 1 September 2016 Receivables Payables Returns Inwards Sales Purchases Capital Salaries Water and Electricity Postage Drawings Inventory, 30 September 2016 Furniture & Fittings Motor Van Loan (ADB Bank) Rent Received Office Rent REQUIRED: 80,000 100,000 5,000 560,000 205,000 149,000 40,000 6,000 2,000 9,000 135,000 75,000 350,000 300,000 12,000 17,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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The following were extracted from the books of NJOKA as at 30 September 2016.
SH
Cash in Hand
Cash in Bank
Inventory, 1 September 2016
Receivables
Payables
Returns Inwards
Sales
Purchases
Capital
Salaries
Water and Electricity
Postage
Drawings
Inventory, 30 September 2016
Furniture & Fittings
Motor Van
Loan (ADB Bank)
Rent Received
Office Rent
12,000
110,000
210,000
80,000
100,000
5,000
560,000
205,000
149,000
40,000
6,000
2,000
9,000
135,000
75,000
350,000
300,000
12,000
17,000
REQUIRED:
1) Prepare a Trial Balance from the above balances.
2) Prepare the statement of Comprehensive income for the month of September.
3) Prepare the statement of Financial Position for as at 30 September 2016.

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