Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cat tom drew up the following trial balance as a

CAT Tom drew up the following trial balance as at 30 September 2002....

70.2K

Verified Solution

Question

Accounting

CAT

Tom drew up the following trial balance as at 30 September 2002. You are to draft an income statement for the year to end 30 September 2020 and a balance sheet as at that date.

Dr

Cr

Capital

Drawings

Cash at bank

Cash in hand

Debtors

Creditors

Stock 30 September 2019

Motor van

Office equipment

Sales

Purchases

Returns inwards

Carriage inwards

Returns outwards

Carriage outwards

Motor expenses

Rent

Telephone charges

Wages and salaries

Insurance

Office expenses

Sundry expenses

Totals

Shs.

842,000

311,500

29,500

1,230,000

2,391,000

410,000

625,000

9,210,000

55,000

21,500

30,900

163,000

297,000

40,500

1,281,000

49,200

137,700

28,400

17,153,200

Shs.

3,095,500

937,000

13,090,000

30,700

17,153,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Problem 4 For each t value 1 sketch the angle 2 find the reference angle...

Basic Math
Q

Which of the data sets represented by the following histograms has the smallest standard deviation...

Statistics
Q

a What factors limit the rate of photosynthesis Why Blair down the rate of a

Algebra
Q

The inventory and sales data for this year for G. Rabbit Company are as follows:...

Accounting
Q

Ryan placed $305,000 in trust with income to Stephen for his life and the remainder...

Accounting
Q

Firm J sold marketable securities to Company B. Firm J's tax basis in the securities...

Accounting
Q

Megamart, a retailer of consumer goods, provides the following information on two of its departments...

Accounting
Q

Homework in Accounting,

Accounting
Q

Describe el acto de publicar. Qu dificultades podran surgir si no existiera una indexacin cruzada...

Accounting
Q

Walsh Company manufactures and sells one product. The following information pertains to each of the...

Accounting
Q

Following is a table for the present value of $1 at compound interest: ...

Accounting
Q

La tasa de costos indirectos predeterminada ($18.50 por hora de mano de obra directa) se...

Accounting