The Transactions Above Have Been Journalised And Posted The Adjusted Trial Balance Is Below Skateson Adjusted Trial Ba 1 (236.9 KiB) Viewed 44 times
The Transactions Above Have Been Journalised And Posted The Adjusted Trial Balance Is Below Skateson Adjusted Trial Ba 2 (201.11 KiB) Viewed 44 times
The transactions above have been journalised and posted. The adjusted trial balance is below. SkatesOn Adjusted trial balance as at 30 June 20XX Account no. Account Debit Credit 100 Cash at bank $22,738 110 Accounts receivable 12.301 120 Inventory 23,991 130 Prepaid insurance 3,322 171 Shop equipment (cost) 42,420 172 Accumulated depreciation - shop equipment $707 200 Accounts payable 23,212 210 Wages payable 402 220 PAYG withholding payable 31 230 Bank loan 39,545 300 Capital 27,400 400 Sales revenue 32,169 410 Sales returns and allowances 460 420 Discount received 1,040 500 Cost of sales 14,721 610 Depreciation expense 707 620 Discount allowed 302 640 Insurance expense 302 650 Interest expense 185 660 Postage and stationery expense 175 670 Rent expense 1,880 680 Telephone expense 90 690 Wages expense 912 $ 124,506 $124,506
(a) Prepare the statement of profit or loss for June. (Note: Enter accounts in ascending account order.) SkatesOn Statement of profit or loss for the period 1 June to 30 June 20XX Revenue Sales revenue Less: Net sales revenue Less: Gross profit Other revenue: Expenses Total expenses Net profit / (loss) $
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