Trial balance Pandemic Covid Bhd PARTICULARS DEBIT CREDIT Sales 1,150,000 Inventory 92,200 Purchases 465,000 Distribution costs 238,000 administrative expenses 358,000 Loan interest paid Land and building Plant and machinery 8,000 480,000 159,800 Investment in bonds 40,000 Trade receivables 55,200 Allowances for receivables 5000 Bank 25,000 | 440,000 Ordinary Share capital Retained Earnings 61,000 Bank loan 2,08,000 Ordinary Dividend paid 15,000 Accounts Payable 160,000 Bad debts 4,800 Allowance for doubtful debts 240 Income tax 10,000 Suspense 246,760 Total 2,111,000 2,111,000

Trial balance Pandemic Covid Bhd PARTICULARS DEBIT CREDIT Sales 1,150,000 Inventory 92,200 Purchases 465,000 Distribution costs 238,000 administrative expenses 358,000 Loan interest paid Land and building Plant and machinery 8,000 480,000 159,800 Investment in bonds 40,000 Trade receivables 55,200 Allowances for receivables 5000 Bank 25,000 | 440,000 Ordinary Share capital Retained Earnings 61,000 Bank loan 2,08,000 Ordinary Dividend paid 15,000 Accounts Payable 160,000 Bad debts 4,800 Allowance for doubtful debts 240 Income tax 10,000 Suspense 246,760 Total 2,111,000 2,111,000

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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