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8 Capital (Drawings 00 Trade Receivables and Trade Payables Sales Revenue Cost of sales Wages Utilities The following Trial Balance was extracted from the books of Tom Nik Trading, a wholesaler as at 31 July 2020: 00&Insurance (iii) Rent Freehold property (cost) Fixtures and fittings (cost) Vehicles (cost) Accumulated depreciation : Fixtures and fittings Vehicles Cash at bank Cash in hand b) (a) Loan (Interest @ 10% p.a.) Interest on loan Dr ($) 14 000 6 400 REQUIRED: 7 200 1010M cabineV 1010M no noitsipengel 30 400 mA vissa ob gan2 120 aned asidev 320 obs1T 29 1 200 obsYT Allowance for impairment of trade receivables inermisgml tot conswollA 500 00 05 Vehicle expenses 1 600 8 Inventory s riesa Atlaso 12 000 i 5 800 muter ael 96 150 27 420 3 000 le emoon 24 000mm Cr ($) 48 000 IneA 18 340 75 000 750 196 750 The following additional information is available: (i) An invoice of $100 for goods purchased from creditor has been omitted from the books. Owner contributes personal shelving display unit worth $2 800 for business use. 2300 2 000 15 000 196 750 082 rthow bode to niegs nost bar renwo Tom Nik took $450 worth of goods for his own use, and this has not been recorded in any of the books. no sub ainsol to shaup on озяирая Prepare the statement of financial performance for the year ended 31 July 2020. Prepare the statement of financial position as at 31 July 2020.

8 Capital (Drawings 00 Trade Receivables and Trade Payables Sales Revenue Cost of sales Wages Utilities The following Trial Balance was extracted from the books of Tom Nik Trading, a wholesaler as at 31 July 2020: 00&Insurance (iii) Rent Freehold property (cost) Fixtures and fittings (cost) Vehicles (cost) Accumulated depreciation : Fixtures and fittings Vehicles Cash at bank Cash in hand b) (a) Loan (Interest @ 10% p.a.) Interest on loan Dr ($) 14 000 6 400 REQUIRED: 7 200 1010M cabineV 1010M no noitsipengel 30 400 mA vissa ob gan2 120 aned asidev 320 obs1T 29 1 200 obsYT Allowance for impairment of trade receivables inermisgml tot conswollA 500 00 05 Vehicle expenses 1 600 8 Inventory s riesa Atlaso 12 000 i 5 800 muter ael 96 150 27 420 3 000 le emoon 24 000mm Cr ($) 48 000 IneA 18 340 75 000 750 196 750 The following additional information is available: (i) An invoice of $100 for goods purchased from creditor has been omitted from the books. Owner contributes personal shelving display unit worth $2 800 for business use. 2300 2 000 15 000 196 750 082 rthow bode to niegs nost bar renwo Tom Nik took $450 worth of goods for his own use, and this has not been recorded in any of the books. no sub ainsol to shaup on озяирая Prepare the statement of financial performance for the year ended 31 July 2020. Prepare the statement of financial position as at 31 July 2020.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 10E: Spreadsheet The following 2019 information is available for Payne Company: Partial additional...
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8 001 Capital (Drawings The following Trial Balance was extracted from the books of Tom Nik Trading, a wholesaler as at 31 July 2020: borit ni mabent aloe a el oond moil balastixe esw Dr ($) (ii) (iii) Trade Receivables and Trade Payables Sales Revenue Cost of sales Wages Utilities (a) Rent Freehold property (cost) Fixtures and fittings (cost) Vehicles (cost) Accumulated depreciation : Fixtures and fittings Vehicles Cash at bank Cash in hand 001 St The following additional information is available: (i) Loan (Interest @ 10% p.a.) Interest on loan emoon 14 000 6 400 Jeans2 120 lanea aeldev 320 ebsit 000A Insurance 2911 200 obBTT Allowance for impairment of trade receivables Insmisqmi tot sonswollA 500 000 os Vehicle expenses 1 600 8 Inventory 18 340 REQUIRED: in 5 800 emuter ael 96 150 27 420 1800 12 000 24 000mm3 48 000 IneA 7 200 1000M zaloirieV 1010M no noitsipengel 30 400 mA Cr ($) 75 000 3 000 pe visise 2 300 2 000 s des? 750 196 750 16tq6J 15 000 196 750 An invoice of $100 for goods purchased from creditor has been omitted from the books. Owner contributes personal shelving display unit worth $2 800 for business use. 0088 rthow pode to niegs nodet bari tenwo Tom Nik took $450 worth of goods for his own use, and this has not been recorded in any of the books. no oub ainsol to shsup on CEAIUREA Prepare the statement of financial performance for the year ended 31 July 2020. OS odmevol (b) Prepare the statement of financial position as at 31 July 2020. (d) 9
Transcribed Image Text:8 001 Capital (Drawings The following Trial Balance was extracted from the books of Tom Nik Trading, a wholesaler as at 31 July 2020: borit ni mabent aloe a el oond moil balastixe esw Dr ($) (ii) (iii) Trade Receivables and Trade Payables Sales Revenue Cost of sales Wages Utilities (a) Rent Freehold property (cost) Fixtures and fittings (cost) Vehicles (cost) Accumulated depreciation : Fixtures and fittings Vehicles Cash at bank Cash in hand 001 St The following additional information is available: (i) Loan (Interest @ 10% p.a.) Interest on loan emoon 14 000 6 400 Jeans2 120 lanea aeldev 320 ebsit 000A Insurance 2911 200 obBTT Allowance for impairment of trade receivables Insmisqmi tot sonswollA 500 000 os Vehicle expenses 1 600 8 Inventory 18 340 REQUIRED: in 5 800 emuter ael 96 150 27 420 1800 12 000 24 000mm3 48 000 IneA 7 200 1000M zaloirieV 1010M no noitsipengel 30 400 mA Cr ($) 75 000 3 000 pe visise 2 300 2 000 s des? 750 196 750 16tq6J 15 000 196 750 An invoice of $100 for goods purchased from creditor has been omitted from the books. Owner contributes personal shelving display unit worth $2 800 for business use. 0088 rthow pode to niegs nodet bari tenwo Tom Nik took $450 worth of goods for his own use, and this has not been recorded in any of the books. no oub ainsol to shsup on CEAIUREA Prepare the statement of financial performance for the year ended 31 July 2020. OS odmevol (b) Prepare the statement of financial position as at 31 July 2020. (d) 9
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