Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information is for bulwara ltd: bulw

The following information is for Bulwara Ltd: Bulwara Ltd Adjusted Trial Balance as at 30...

90.2K

Verified Solution

Question

Accounting

image
The following information is for Bulwara Ltd: Bulwara Ltd Adjusted Trial Balance as at 30 June 2019 Account names Debit $ Credits Cash 300 5.900 Accounts Receivable Supplies 3.200 400 28,000 1,240 13,600 Prepaid Rent Office Equipment Accumulated Depreciation Office Equip Accounts Payable Service Revenue Received in Advance Salaries Payable Share Capital Retained Earnings, 1 June 2019 Dividends paid 1,500 1,000 20,000 7,600 2,000 Service Revenue 3.700 Depreciation Expense 240 Supplies Expense 2,200 Salaries Expense 6,000 Rent Expense 400 $48.640 $48.640 You are Required to prepare the following for the month ended 30 June 2019 1) Statement of Profit or loss. (state your answer in the space provided) 2) Calculation of retained earning. (state your answer in the space provided) 3) Statement of financial position (state your answer in the space provided)

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

The next two questions (7 and 8) refer to the following: The weight of bags of organic...

Biology
1.2K views

Which of the following is FALSE about the molecular structure of DNA? The backbone alternates between deoxyribose...

Biology
1.2K views

Choose the correct syntax and fill in the blank.Jake can run as as Peter these...

Biology
1.2K views

Task I need you to do an outline for the Argumentative essay comparing these two...

Geometry
1.2K views

Find the area of the trapezoid Leave your answer in simplest radical form 45 9...

Basic Math
1.2K views

30 In the scatterplot to the right grade point average and hours of video games...

Basic Math
1.2K views

I can identify congruent parts of a polygon, given a congruency statement2. List ALL of...

Statistics
1.2K views

The large airline company Cloudscape knows random sample of 10 Cloudscape passengers distribution CH

Statistics
1.2K views

Page 3 of 4 154 175 166 138 161 171 165 188 Bob measured the...

Accounting
1.2K views

Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV,...

Accounting
1.2K views

JL PA8-2(Algo) Interpreting Disclosure of Allowance for Doubtful Accounts [LO 8-2] balance at the beginning...

Accounting
1.2K views

For a number of years, a private not-for-profit entity has been preparing financial statements that...