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You are required to prepare a
December 2021 and assess the source and structure of the trial Balance of Alina .
The following information should be used to prepare the trial balance.
£000
Capital 200 - Source - General ledger
Stocks 40 - Source - General ledger
Sales 100 - Source - Sales ledger or
Cash and cash equivalent 110 - Source -
Bank loan 70 - Source - General ledger
Furniture and Fittings 180 - Source - General ledger or nominal ledger
Trade Receivables 30 - Source - Sales ledger or receivables ledger
Trade Payables 40 - Source - Payable ledger or purchase ledger
Wages 50 - Source - General ledger or nominal ledger
TASK 2
From the data below please complete a P&L Account
Opening Stock - £800,000
Advertising expenses - £60,000
Rent - £15,000
Salaries - £56,000
Commission - £5,000
Other expenses - £7,000
Closing Stock - £200,000
Sales - £1,100,000
From the data below please complete a
Land - £ 44,300
Equipment - £45,000
Intangible asset - £3,800
Accounts Payable - £30,000
Notes Payable - £30,000
Building and Improvements - £250,000
Account Expenses - £7,100
Additional Paid in capital - £20,000
Common Stock - £10,000
Long term Liabilities - £200,000
Inventory - £15,000
Investments - £14,000
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From the data below please complete a
Land - £ 44,300
Equipment - £45,000
Intangible asset - £3,800
Accounts Payable - £30,000
Notes Payable - £30,000
Building and Improvements - £250,000
Account Expenses - £7,100
Additional Paid in capital - £20,000
Common Stock - £10,000
Long term Liabilities - £200,000
Inventory - £15,000
Investments - £14,000
Long Term Loan - £195,000
Cash and cash - £100,000
From the data below please complete a
Land - £ 44,300
Equipment - £45,000
Intangible asset - £3,800
Accounts Payable - £30,000
Notes Payable - £30,000
Building and Improvements - £250,000
Account Expenses - £7,100
Additional Paid in capital - £20,000
Common Stock - £10,000
Long term Liabilities - £200,000
Inventory - £15,000
Investments - £14,000
Long Term Loan - £195,000
Cash and cash - £100,000
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- 1. Prepare a Classified Statement of Assets & Liabilities as at 30th June 2023 Cash receipts and payments for the year ended 30th June 2023: Cash Receipts: Subscriptions 11,000 Bar sales Hire of function room $ Bank Bar inventory 30,000 5,300 Assets & Liabilities as at $46,300 Subscription in arrears Subscription in advance Bar equipment - at cost Accumulated depreciation bar equipment Bank Loan (Due 30/6/17) Accounts payable (bar) Accrued bar wages Prepaid rent expense Cash Payments: Bar purchases 12,000 Payments to accounts payable Telephone Insurance Cleaner's wages Electricity Bar wages Bank Loan interest Rent paid 1 July 2022 15,000 2,600 220 800 35,000 5,000 16,000 1,000 O 0 $ ? 6,000 900 1,200 1,500 800 5,000 2,900 10,000 $40,300 30 June 2023 2,400 880 270 35,000 6,000 16,000 2,000 100 500arrow_forwardCreate the income statement from the adjusted trial balancearrow_forwardPrepare a) Income Statement for the year ended 31 December 2022 b) Statement of Owner's equity for the year ended 31 December 2022 c) Balance sheet as at December 31, 2022arrow_forward
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