The following balances were extracted from the stadium record for Al-Rafidain commercial stores on 12/31/2009: 1500000 cash register, 1600000 keep, 1.8 million debtors, 12.5 million goods (beginning of the period), 14500000 purchases, 250000 inward transportation expenses, 1150000 purchase returns, 130,000 purchase allowances, 19,800,000 sales, 1,500,000 sales returns, 1,500,000 sales allowances, 125,000 discount allowances, 350,000 general expenses, 620,000 selling expenses, 1,650,000 creditors, 1,850,000 salaries, capital?? If you know that the goods at the end of the period amounted to 13.5 million dinars. Required 1. Prepare a trial balance with balances. 2. Preparing the final accounts (h / trading, h a.kh) 3. Preparing the balance sheet
The following balances were extracted from the stadium record for Al-Rafidain commercial stores on 12/31/2009: 1500000 cash register, 1600000 keep, 1.8 million debtors, 12.5 million goods (beginning of the period), 14500000 purchases, 250000 inward transportation expenses, 1150000 purchase returns, 130,000 purchase allowances, 19,800,000 sales, 1,500,000 sales returns, 1,500,000 sales allowances, 125,000 discount allowances, 350,000 general expenses, 620,000 selling expenses, 1,650,000 creditors, 1,850,000 salaries, capital?? If you know that the goods at the end of the period amounted to 13.5 million dinars. Required 1. Prepare a trial balance with balances. 2. Preparing the final accounts (h / trading, h a.kh) 3. Preparing the balance sheet
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Duty The following balances were extracted from the stadium record for Al-Rafidain commercial stores on 12/31/2009: 1500000 cash register, 1600000 keep, 1.8 million debtors, 12.5 million goods (beginning of the period), 14500000 purchases, 250000 inward transportation expenses, 1150000 purchase returns, 130,000 purchase allowances, 19,800,000 sales, 1,500,000 sales returns, 1,500,000 sales allowances, 125,000 discount allowances, 350,000 general expenses, 620,000 selling expenses, 1,650,000 creditors, 1,850,000 salaries, capital?? If you know that the goods at the end of the period amounted to 13.5 million dinars. Required 1. Prepare a trial balance with balances. 2. Preparing the final accounts (h / trading, h a.kh) 3. Preparing the balance sheet
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education