Semester B 2021 2022 Bahrain Polytechnic Further Information 1 The Closing Inventory On 30 June 2021 Was Valued At Bh 1 (36.23 KiB) Viewed 27 times
Semester B 2021 2022 Bahrain Polytechnic Further Information 1 The Closing Inventory On 30 June 2021 Was Valued At Bh 2 (59.81 KiB) Viewed 27 times
Semester B, 2021/2022 Bahrain Polytechnic Further information: 1. The closing Inventory on 30 June 2021 was valued at BHD 30,000, 2. Premises were revalued at BHD 1,450,000 on 30 June 2021 3. BHD 3,150 outstanding receivables on 30 June 2021 to be written off. An allowance of receivables is to be made amounting 2% of remaining outstanding receivables. 4. The business has been told by its lawyers that it is likely to have to pay BHD 4,360 damages for products that failed. 5. The directors have recommended a final dividend on ordinary shares, BHD 0.09 per share. Required: 1- Prepare the required journals. (10 Marks) ENG بوليتكنك البحرين A # 5:15 PM 4
Reem Company Trial Balance As at 30 June 2021 Premises Accumulated depreciation - premises Truck Accumulated depreciation - Trucks Office machinery cost Accumulated depreciation - machinery Trade receivable Trade payable Bank 12% Debentures 800,000 ordinary shares of BHD 1 Revaluation surplus Retained earnings. Revenue Inventory on 30 June 2020 Purchases Salary expense Wage expense Carriage in Advertising expenses Office expenses Debenture interest paid. Interim dividends paid to the ordinary shares. BHD 000 1000 80 70 82 97 46 630 79 36 8 34 24 6 7 2,199 BHD 000 60 28 21 133 100 800 50 7 1000 2,199
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