- The Following Are The Transactions During 2022 02 01 2022 Purchases A Shop In Downtown Mall In Cash 20 02 2022 Purchas 1 (85.14 KiB) Viewed 45 times
- The Following Are The Transactions During 2022 02 01 2022 Purchases A Shop In Downtown Mall In Cash 20 02 2022 Purchas 2 (52.1 KiB) Viewed 45 times
- The Following Are The Transactions During 2022 02 01 2022 Purchases A Shop In Downtown Mall In Cash 20 02 2022 Purchas 3 (29.62 KiB) Viewed 45 times
- The Following Are The Transactions During 2022 02 01 2022 Purchases A Shop In Downtown Mall In Cash 20 02 2022 Purchas 4 (43.99 KiB) Viewed 45 times
- The Following Are The Transactions During 2022 02 01 2022 Purchases A Shop In Downtown Mall In Cash 20 02 2022 Purchas 5 (52.33 KiB) Viewed 45 times
- The Following Are The Transactions During 2022 02 01 2022 Purchases A Shop In Downtown Mall In Cash 20 02 2022 Purchas 6 (67.25 KiB) Viewed 45 times
The following are the transactions during 2022: 02.01.2022 Purchases a shop in downtown mall, in cash 20.02.2022 Purchases merchandise, in cash 15.04.2022 Sales merchandise, in cash 20.04.2022 Customer returns merchandise 20.12.2022 Pays TV advertising campaign for the period 01.01.2023-30.06.2023 31.12.2022 Customer has cash flow problems. An allowance is recognized 31.12.2022 Purchases a new machine 31.12.2022 0% 31.12.2022 Closes beginning inventory 31.12.2022 Records the ending inventory 31.12.2022 Revenues & expenses balanced off SR 60,000.00 SR 62,000.00 SR 204,000.00 SR 14,000.00 SR 35,000.00 SR 17,000.00 SR 16,000.00 TBD SR 43,000.00 SR 36,000.00 TBD Assignments 1 Record the above transactions on the journal 2 Transfer the journal entries to the T-accounts 3 Prepare the trial balance appears below) 4 Based on the trial balance, prepare the financial statements: a) 31.12.2022 statement of financial position b) 2022 P&L and other comprehensive income c) 2022 Statement of changes in equity 5 Look on the internet for the annual financial statements of: Huawei Investment & Holding Co., Ltd. Write on the boxes: The date the last financial statements refer to Total non curr assets shown on last available balance sheet Total revenue shown on last available P&L →
Account Debit Credit Date 02.01.2022 02.01.2022 20.02.2022 20.02.2022 15.04.2022 15.04.2022 20.04.2022 20.04.2022 20.12.2022 20.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022 31.12.2022
TRIAL BALANCE 31.12.2022 DEBIT CREDIT ACCOUNT DEBIT BALANCCREDIT BALANCE BALANCE SR 0.00 SR 0.00 SR 0.00 SR 0.00 SR 0.00
AE+L Cash SR 210,000.00 Capital SR 295,000.00 MY Accounts receivable SR 17,000.00 Inventory (merchandise SR 43.000.00 Land SR 25.000.00
Statement financial position 01.01.2022 A=E+L Non-current assets Land Equity SR 25,000.00 Capital SR 295,000.00 Non-current liabilities Current assets Inventory (merchandise) Accounts receivable Cash SR 43,000.00 SR 17,000.00 SR 210,000.00 Current liabilities Total SR 295,000.00 Total SR 295,000.00 Statement financial position SR 44,926.00 A-E + L Non-current assets Equity Current assets Non-current liabilities Current liabilities Total SR 0.00 Total SR 0.00
P&L and other comprehensive income 2022 Revenues Cost of sales Gross profit Selling Administrative Operating profit Finance cost Profit before tax Income tax Net profit Other comprehensive income Total comprehensive income for the ear SR 0.00 Statement of changes in equity Equity share capital Revaluation surplus P&L Retained earnings Total Balance 01.01.2022 Profit or loss Revaluation of N/C Assets Issue of share capital SR 0.00 SR 0.00 SR 0.00 SR 0.00 SR 0.00 SR 0.00 SR 0.00 Balance 31.12.2022 SR 0.001 SR 0.00 SR 0.00 SR 0.00 SR 0.00