7.4A Extract a trading and profit and loss account for the year ended 30 June 20X8 for G Graham. The trial balance as at 30 June 20X8 after his first year of trading was as follows: Dr Cr £ Equipment rental 940 Insurance Lighting and heating expenses Motor expenses 1,804 1,990 2,350 48,580 Salaries and wages Sales 382,420 Purchases 245,950 Sundry expenses Lorry Creditors 624 19,400 23,408 Debtors 44,516 4,600 174,000 11,346 44,000 Fixtures Shop Cash at bank Drawings Capital 194,272 600,100 600,100 Stock at 30 June 20X8 was £29,304.
7.4A Extract a trading and profit and loss account for the year ended 30 June 20X8 for G Graham. The trial balance as at 30 June 20X8 after his first year of trading was as follows: Dr Cr £ Equipment rental 940 Insurance Lighting and heating expenses Motor expenses 1,804 1,990 2,350 48,580 Salaries and wages Sales 382,420 Purchases 245,950 Sundry expenses Lorry Creditors 624 19,400 23,408 Debtors 44,516 4,600 174,000 11,346 44,000 Fixtures Shop Cash at bank Drawings Capital 194,272 600,100 600,100 Stock at 30 June 20X8 was £29,304.
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
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