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Additional information relating to DL. Ltd during the financial year: There was a share issue during the year of 15,000 shares at a price of $2.50 per share. A $2,000 tranche payable on i the long-term debt will become due in April 2021. The tax rate is 25%. Note: the supplies are to be capitalised. Account name Accounts payable Accounts receivable Accumulated depreciation: trucks Accumulated depreciation: equipment Administration costs Audit fees Bad debts Cash Cash floats Cost of Sales Depreciation expense Dividends Paid Dividends payable Dividends received Electricity expense Equipment Income tax payable Insurance expense Interest expense Interest received Inventory Lion's Ltd Investment (shares held) Long term debt Rates expense Rent expense Retained earnings (1 April 2020) Salaries and wages expense Sales Sales returns and allowances Share capital (1 April 2020) Supplies Trucks Vehicle expenses S 13,664.00 31.250.00 51,400.00 10,000.00 4,700.00 2,800.00 3,200.00 136,000.00 350.00 114,000.00 14,500.00 21,650.00 36,070 50 13,850.00 8,700.00 120,000.00 12,300.00 4,000.00 16,000.00 1,650.00 22,250.00 100,000.00 320,000.00 3,500,00 9,800.00 181,227.00 37,250.00 374,500.00 11113,500.00 51.350.00 5,200.00 300,000.00 3,800.00

Additional information relating to DL. Ltd during the financial year: There was a share issue during the year of 15,000 shares at a price of $2.50 per share. A $2,000 tranche payable on i the long-term debt will become due in April 2021. The tax rate is 25%. Note: the supplies are to be capitalised. Account name Accounts payable Accounts receivable Accumulated depreciation: trucks Accumulated depreciation: equipment Administration costs Audit fees Bad debts Cash Cash floats Cost of Sales Depreciation expense Dividends Paid Dividends payable Dividends received Electricity expense Equipment Income tax payable Insurance expense Interest expense Interest received Inventory Lion's Ltd Investment (shares held) Long term debt Rates expense Rent expense Retained earnings (1 April 2020) Salaries and wages expense Sales Sales returns and allowances Share capital (1 April 2020) Supplies Trucks Vehicle expenses S 13,664.00 31.250.00 51,400.00 10,000.00 4,700.00 2,800.00 3,200.00 136,000.00 350.00 114,000.00 14,500.00 21,650.00 36,070 50 13,850.00 8,700.00 120,000.00 12,300.00 4,000.00 16,000.00 1,650.00 22,250.00 100,000.00 320,000.00 3,500,00 9,800.00 181,227.00 37,250.00 374,500.00 11113,500.00 51.350.00 5,200.00 300,000.00 3,800.00

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
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 11P: Net Income and Comprehensive Income At the beginning of 2019, JR Companys shareholders equity was as...
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Create a Balance sheet for this information given:

Additional information relating to DL. Ltd during the financial year: There was a share issue during the year of 15,000 shares at a price of $2.50 per share. A $2,000 tranche payable on the long-term debt will become due in April 2021. The tax rate is 25%. Note: the supplies are to be capitalised. Account name Accounts payable Accounts receivable Accumulated depreciation: trucks Accumulated depreciation: equipment Administration costs Audit fees Bad debts Cash Cash floats Cost of Sales Depreciation expense Dividends Paid Dividends payable Dividends received Electricity expense Equipment Income tax payable Insurance expense Interest expense Interest received Inventory Lion's Ltd Investment (shares held) Long term debt Rates expense Rent expense Retained earnings (1 April 2020) Salaries and wages expense Sales Sales returns and allowances Share capital (1 April 2020) Supplies Trucks Vehicle expenses S 13,664.00 31.250.00 51,400.00 10,000.00 4.700.00 2,800.00 3.200.00 136,000.00 350.00 114.000.00 14,500.00 21,650.00 36,070 50 13,850.00 8,700.00 120,000.00 12,300,00 4,000.00 16,000.00 1,650.00 22,250.00 100,000.00 320,000.00 3,500,00 9,800.00 81,227.00 37,250.00 374.500.00 1113,500.00 51.350.00 5,200.00 300,000.00 3,800.00
Transcribed Image Text:Additional information relating to DL. Ltd during the financial year: There was a share issue during the year of 15,000 shares at a price of $2.50 per share. A $2,000 tranche payable on the long-term debt will become due in April 2021. The tax rate is 25%. Note: the supplies are to be capitalised. Account name Accounts payable Accounts receivable Accumulated depreciation: trucks Accumulated depreciation: equipment Administration costs Audit fees Bad debts Cash Cash floats Cost of Sales Depreciation expense Dividends Paid Dividends payable Dividends received Electricity expense Equipment Income tax payable Insurance expense Interest expense Interest received Inventory Lion's Ltd Investment (shares held) Long term debt Rates expense Rent expense Retained earnings (1 April 2020) Salaries and wages expense Sales Sales returns and allowances Share capital (1 April 2020) Supplies Trucks Vehicle expenses S 13,664.00 31.250.00 51,400.00 10,000.00 4.700.00 2,800.00 3.200.00 136,000.00 350.00 114.000.00 14,500.00 21,650.00 36,070 50 13,850.00 8,700.00 120,000.00 12,300,00 4,000.00 16,000.00 1,650.00 22,250.00 100,000.00 320,000.00 3,500,00 9,800.00 81,227.00 37,250.00 374.500.00 1113,500.00 51.350.00 5,200.00 300,000.00 3,800.00
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