S The following balances were extracted from the books of Zee Zee Trading, a retailer, on 30 September 2019: i) Capital (1 October 2018) Drawings Cost of sales Sales Revenue Sales Returns Rent Expense Trade receivables Trade payables Property Furniture at cost Salaries Allowance for impairment of trade receivables Insurance General expenses Discount received Accumulated depreciation of furniture Cash at bank Inventory Additional information: (a) (b) seline REQUIRED: HOME iii) The business took a $5000 loan from OUP Bank. 52 000 4 400 47 530 92 300 410 6 300 6 150 600 7 500 12 600 970 12 800 14 890 50 000 20 000 An extensive improvement of the property were done during the year at a cost of $10 000. The amount had been debited to the General Expenses Account. 8 000 1 430 Cr 2 500 The business issued a cheque to a supplier worth $1 800 as a full settlement worth $2 000. Prepare the statement of financial performance for the year ended 30 September 2019. Prepare the statement of financial position as at 30 September 2019.

S The following balances were extracted from the books of Zee Zee Trading, a retailer, on 30 September 2019: i) Capital (1 October 2018) Drawings Cost of sales Sales Revenue Sales Returns Rent Expense Trade receivables Trade payables Property Furniture at cost Salaries Allowance for impairment of trade receivables Insurance General expenses Discount received Accumulated depreciation of furniture Cash at bank Inventory Additional information: (a) (b) seline REQUIRED: HOME iii) The business took a $5000 loan from OUP Bank. 52 000 4 400 47 530 92 300 410 6 300 6 150 600 7 500 12 600 970 12 800 14 890 50 000 20 000 An extensive improvement of the property were done during the year at a cost of $10 000. The amount had been debited to the General Expenses Account. 8 000 1 430 Cr 2 500 The business issued a cheque to a supplier worth $1 800 as a full settlement worth $2 000. Prepare the statement of financial performance for the year ended 30 September 2019. Prepare the statement of financial position as at 30 September 2019.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Accounting For Merchandising Businesses

Section: Chapter Questions

Problem 5PA: The following selected accounts and their current balances appear in the ledger of Clairemont Co....

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