The trial balance below is from the books of Carol Singh. Prepare the Statement of Profit or Loss and a Statement of Financial Position as at October 31, 2017. Dr Cr SS Sales 28,000 Opening stock 1, 600 Purchases 21,518 Return inwards 750 Carriage outwards 2,000 Returns outwards 750 Carriage inwards 810 Salaries and wages 1,400 Rent 2, 800 Motor expenses 1,910 Furniture and fixtures 1,112 Motor vehicle 3, 500 Accounts receivable 7,047 Accounts payable 18,050 Cash at bank 7,551 Drawings 3,802 Capital 9,000 55,800 55,800 Inventory at October 31, 2017 was $6,275.

The trial balance below is from the books of Carol Singh. Prepare the Statement of Profit or Loss and a Statement of Financial Position as at October 31, 2017. Dr Cr SS Sales 28,000 Opening stock 1, 600 Purchases 21,518 Return inwards 750 Carriage outwards 2,000 Returns outwards 750 Carriage inwards 810 Salaries and wages 1,400 Rent 2, 800 Motor expenses 1,910 Furniture and fixtures 1,112 Motor vehicle 3, 500 Accounts receivable 7,047 Accounts payable 18,050 Cash at bank 7,551 Drawings 3,802 Capital 9,000 55,800 55,800 Inventory at October 31, 2017 was $6,275.

Name: The trial balance below is from the books of Carol Singh. Prepare the
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Description: The trial balance below is from the books of Carol Singh. Prepare the Statement of Profit or Loss and a Statement of Financial Position as at October 31, 2017. Dr Cr $ $ Sales 28,000 Opening stock 1, 600 Purchases21,518 Return inwards 750 Carriage o

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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