EXERCISES FOR MY HOMEWORK

Exercises for my homework



Exercises for my homework

Extended trial balance at 31 December 20X2

Trial balance

Dr

Cr

£

£

Advertising

9,050

Bank

58,474

Long period lend at 5%

5,800

Opening stock at 1 January 20X2

39,620

Retained earnings at 1 January 20X2

69,254

Creditors

129,583

Debtors

219,856

Provision for doubtful debts

2,300

Director's remuneration

84,582

VAT liability

13,852

Carriage out

4,121

Cost of office equipment - at 1st January 20X2

119,750

Accumulated depreciation - agency equipment

55,104

Cost of showroom equipment- at 1st January 20X2

109,745

Accumulated depreciation - showroom equipment

30,658

Office expenses

17,842

Office salaries

33,269

Purchases

176,253

Sales

479,835

Salesforce wages

39,840

Sales expenses

3,786

Rent and rates

17,856

Heat and light

5,342

Issued share capital (at £1)

 

153,000

939,386

939,386

Further information - adjustments:

Stock at 31 December 20X2

Bpublicity debts written off in the period

Change in provision for doubtful debts (W1)

Depreciation charge for the period - office ...