- Please Send Me The Answer With The Ledgers And The Adj Trail Balance I Need It Today Please 1 (526.66 KiB) Viewed 48 times
balance
i need it today please
3 Outstanding electricity bill as at 31 December 2008 (this included in general expenses) amounted to Shs.3,580. 4. Debtors include an irrecoverable amount of Shs 5,600 5. A five per cent provision for doubtful debts is to be made on the recoverable debtors. Depreciation is to be provided on the motor vehicle and plant and machinery at the rates of 20% and 25% respectively on the reducing balance method. No depreciation is to be provided on land and building. 6. Included in the wages and salaries is an amount of shs.62, 000 paid to the domestic workers of Mr. Brian Kamau. 7. Outstanding wages and salaries as at 31 December 2008 amounted to Shs. 24,800. Sales returns The following trial balance was extracted from the books of Brian Kamau, a sole trader at 31 December 2008. Shs Shs Capital, 1 January 2008 3,165,620 Purchases 923,600 Sales 1,968,160 Purchase returns 5,600 16,160 Discount allowed 18,200 Discount received 14,080 Wages and salaries 622,000 Rates 49,000 Insurance 35,600 General expenses 81,200 Trade debtors 368,000 Trade creditors 322,400 Bank overdraft 80,400 Stock in trade, 1 January 2008 122,000 Land and buildings at cost 1,700,000 Plant and machinery at cost 1,230,000 Motor vehicle at cost 562,000 Drawings 208,200 Cash in hand 40,200 Provision for depreciation: motor vehicle 112,400 Plant & machinery 307,500 5.976.160 5.976,160 Notes: 1. Stock in trade on 31 December 2008 amounted to Shs, 148,400. 2 Rates paid in advance as at 31 December 2008 amounted to Shs. 7000. Required. a) Income statement for the year ended 31 December 2008 b) Statement of financial position as at 31 December 2008 1 Activat Go to Se