- Plover Ltd A Trader In Household Items Has Prepared The Following Trial Balance As At March 31 2022 Cr Dr 223 000 40 1 (46.39 KiB) Viewed 36 times
- Plover Ltd A Trader In Household Items Has Prepared The Following Trial Balance As At March 31 2022 Cr Dr 223 000 40 2 (43.48 KiB) Viewed 36 times
- Plover Ltd A Trader In Household Items Has Prepared The Following Trial Balance As At March 31 2022 Cr Dr 223 000 40 3 (41.69 KiB) Viewed 36 times
Management fees 12% Mortgage Equipment Interim ordinary shares dividend Bank Debenture interest Mortgage interest Retained earnings 41,100 366,000 582,000 13,600 94,900 11,200 9,300 26,100 3,866,800 3,866,800 Additional notes: i Depreciation is to be charged on the building at 15% reducing balance, and 8% on cost for the equipment ii Goodwill should be written down by 12% Utilities is owing by $15,300, while offices expenses is prepaid by $8,500 iv. Commission is prepaid by $9.200 The following items of expense should be apportioned as follows: V.
V. The following items of expense should be apportioned as follows: Expense Office expenses Utilities Management fees Depreciation charges Admin 60% 30% 75% 90% Sell & Dist. 40% 70% 25% 10% vi Corporation tax is estimated at $29,100 vi. Transfer $35,500 from profits to the general reserves There was a new issue of 50,000 ordinary shares with a par value of S0.75 each; the amount collected was $70,000 ix. The full preference shares dividend will be honoured Vill Required: Prepare Plover Ltd's statement of profit or loss (including EPS). All workings MUST be shown