The following balances were extracted from the ledgers of Brite Sparks Ltd. at December 31, 2005 114,182 Сарpital Furniture Commission received 36,000 2,000 Carriage Inwards Insurance Drawings Rates...


The following balances were extracted from the ledgers of Brite Sparks Ltd. at December<br>31, 2005<br>114,182<br>Сарpital<br>Furniture<br>Commission received<br>36,000<br>2,000<br>Carriage Inwards<br>Insurance<br>Drawings<br>Rates<br>8,288<br>6,000<br>15,600<br>15,244<br>2,662<br>50,840<br>1,754<br>26,000<br>Stationery<br>Salaries and Wages<br>Discount Allowed<br>Debtors<br>Creditors<br>14,942<br>260<br>Return outwards<br>Cash<br>Bank<br>Purchases<br>Sales<br>Stock 1/1/2005<br>354<br>4,004<br>144,700<br>256,156<br>21,854<br>10,000<br>240<br>80,000<br>Motor Van<br>Return Inwards<br>Premises<br>Long Term Loan<br>423,540<br>36,000<br>423,540<br>Closing Stock $28,000<br>You are required to<br>1. Prepare the Trading, Profit and Loss Account for the year ended December 31, 2005<br>2. Balance Sheet as at that date<br>

Extracted text: The following balances were extracted from the ledgers of Brite Sparks Ltd. at December 31, 2005 114,182 Сарpital Furniture Commission received 36,000 2,000 Carriage Inwards Insurance Drawings Rates 8,288 6,000 15,600 15,244 2,662 50,840 1,754 26,000 Stationery Salaries and Wages Discount Allowed Debtors Creditors 14,942 260 Return outwards Cash Bank Purchases Sales Stock 1/1/2005 354 4,004 144,700 256,156 21,854 10,000 240 80,000 Motor Van Return Inwards Premises Long Term Loan 423,540 36,000 423,540 Closing Stock $28,000 You are required to 1. Prepare the Trading, Profit and Loss Account for the year ended December 31, 2005 2. Balance Sheet as at that date

Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here