The following trial balance was extracted from the books of R traders at the close of business on 28 February 20X7. Dr Cr Purchases and sales 92,800 157,165 Cash at bank 4,100 Cash in hand 324 Capital account 1 March 20X6 11,400 Drawings 17,100 Office furniture 2,900 Rent 3,400 Wages and salaries 31,400 Discounts 820 160 Debtors and creditors 12,316 5,245 Stock 1 March 20X6 4,120 Provision for doubtful debts 1 March 20X6 405 Delivery van 3,750 Van running costs 615 Bad debts written off 730 174,375 174,375 Notes: (a) Stock 28 February 20X7 £2,400. (b) Wages and salaries accrued at 28 February 20X7 £340. (c) Van running costs owing at 28 February 20X7 £72. (d) Increase the provision for doubtful debts by £97. (e) Provide for depreciation as follows: Office furniture £380; Delivery van 10% on cost. Required: prepare the income statement for the year ending 28 February 20X7

This is the trial balance of Pharoah Company on September 30. PHAROAH COMPANYTrial BalanceSeptember 30, 2022     Debit   Credit Cash   $  23,830     Accounts Receivable   7,230     Supplies   5,040     Equipment   10,940     Accounts Payable       $  9,430 Unearned Service Revenue       4,040 Common Stock       19,630 Retained Earnings       13,940     $ 47,040   $ 47,040 The October transactions were as follows. Oct. 5   Received $ 1,440 in cash from customers for accounts receivable due. 10   Billed customers for services performed $ 5,470. 15   Paid employee salaries $ 1,260. 17   Performed $ 590 of services in exchange for cash. 20   Paid $ 1,970 to creditors for accounts payable due. 29   Paid a $ 250 cash dividend. 31   Paid utilities $ 350. Post to the ledger accounts. (Post entries in the order of information presented in the question.)

Acc

Below are the accounts of King's Landing Trading for the year ended June 30, 2020 Prepare the Statement of Financial Position. (The accounts are not in order) Include the additional information when making the Balance sheet Cash on hand P150,000 20,000 20,000 Trade securities Accounts Receivable Prepaid rent Merchandise Inventory Prepaid Utilities Cash on bank 12,000 38,000 15,000 100,000 42,000 Advance to employees Land 120,000 220,000 65,000 Building Furniture and Fixture Accounts Payable Notes Payable Unearned Revenue 120,000 50,000 30,000 20,000 11,000 Taxes Payable Warranty payable Loan(lyear) Mortgage Bonds Payable Goodwill Trademark 35,000 200,000 150,000 25,000 10,000 The beginning capital of King's Landing Trading is 120,000. During the year the owner made an additional investment of P50,000 and withdrew P30,000 for personal use. Net income during the year amounted to 56,500. The business assessed their Assets and incurred a depreciation on Building for P20,000 and Furniture…