Question

Question 3 The following is a list of balances for Century for the period ended 30...

Question 3

The following is a list of balances for Century for the period ended 30 April 2019.

                                                           P

Capital

162,000

Vehicle at cost

180,000

Equipment at cost

120,000

Accumulated depreciation on: vehicles        

90,000

Equipment                                    38,000

Inventory

70,000

Trade receivables

32,000

Bank

59,000

Cash

39,000

Trade payables

40,000

Loan

80,000

Sales

485,000

Cost of sales

240,000

Sales returns

5,000

Salaries and wages

84,000

Rent

28,000

Motor expenses

15,000

Telephone

7,000

Electricity and water

11,000

Insurance

4,000

Interest on loan

6,000

Commission income

5,000

REQUIRED:

Prepare the trial balance of Century for the year ended 30 April 2019.

Question 3

The following is a list of balances for Century for the period ended 30 April 2019.

                                                           P

Capital

162,000

Vehicle at cost

180,000

Equipment at cost

120,000

Accumulated depreciation on: vehicles        

90,000

Equipment                                    38,000

Inventory

70,000

Trade receivables

32,000

Bank

59,000

Cash

39,000

Trade payables

40,000

Loan

80,000

Sales

485,000

Cost of sales

240,000

Sales returns

5,000

Salaries and wages

84,000

Rent

28,000

Motor expenses

15,000

Telephone

7,000

Electricity and water

11,000

Insurance

4,000

Interest on loan

6,000

Commission income

5,000

REQUIRED:

Prepare the trial balance of Century for the year ended 30 April 2019.

Homework Answers

Answer #1

Answer:

Century
Trial Balance
For the year ended April 30, 2019
Particulars Debit Credit
Capital 162,000
Vehicle at cost 180,000
Equipment at cost 120,000
Accumulated depreciation on the vehicle 90,000
Accumulated depreciation on equipment 38,000
Inventory 70,000
Trade receivables 32,000
Bank 59,000
Cash 39,000
Trade payables 40,000
Loan 80,000
Sales 485,000
Cost of sales 240,000
Sales returns 5,000
Salaries & wages 84,000
Rent 28,000
Motor expenses 15,000
Telephone 7,000
Electricity and water 11,000
Insurance 4,000
Interest on loan 6,000
Commission income 5,000
900,000 900,000
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