PLZ PLZ HELP REQUIREMENT INCOME STATEMENT BALANCE SHEET STATEMENT OF CHANGES IN EQUITY TRIAL BALANCE
Posted: Wed Apr 27, 2022 11:10 am
PLZ PLZ HELP
REQUIREMENT
INCOME STATEMENT
BALANCE SHEET
STATEMENT OF CHANGES IN EQUITY
TRIAL BALANCE
Proprietor: Mr. Isell Holmes Name: Realtor 21 Description: Real Estate Agent The business has the following opening balances: Cash At Bank Account Receivable Motor Vehicle Account Payable Bank Loan (due 2022) Furniture Promotional Material Supplies Capital $14,947 $19,742 531 852 $7,864 527944 $26,121 $545 ? Additional Information: Bank loan interest rates % per year) Motor vehicle useful life (years) Motor vehicle serap value (5) Insurance paid for months) Rent paid for months) Furniture useful life (years) Furniture scrap value (S) Closing stock of promotional materials 30/6 ($) Staff work a 14 day fortnight and are paid on the 15th day. 11 5 2,380 4 3 3 0 797 Transactions: Date Description 1-Jun Paid General Insurance 1-Jun Rental commission - Account 3-Jun Rental commission - Account 7-Jun Purchase promotional materials 8-Jun Sundry Expenses 13-Jun Rental commission - Cash 14-Jun Auction commission - Account 15-Jun Staff Wages 20-Jun Rental commission - Cash 21-Jun Motor Vehicle Expenses 24-Jun Additional cash contributed by owner 25-Jun Advertising placement fees - Account 28-Jun Auction commission - Cash 29-Jun Staff Wages Amount $2.238 $1,491 $1,240 $735 $375 $1,777 $1,015 $2,539 $1,568 $245 $3,389 $1,146 $1,796 $2,539 Date Description 1-Jun Advertising placement fees - Cash 3-Jun Rent of Business Premises 4-Jun Advertising placement fees - Cash 7-Jun Receive Payment from Account Customers 11-Jun Payment to Account Payable 13-Jun Advertising Expense - Account 15-Jun Advertising placement fees - Account 17-Jun Cash Withdrawals by Owner 21-Jun Payment to Account Payable 23-Jun Auction commission - Cash 25-Jun Receive Payment from Account Customers 27-Jun Auction commission - Account 28-Jun Advertising Expense - Cash Amount $1,067 $4,130 $742 $1,706 $779 $1,486 $1,016 $988 $580 S1,890 $1,466 $883 $686
Credit Date Jun-01 In the books of Mr. Isell Holmes GENERAL JOURNAL Particulars Prepaid Insurance Alc..........Dr To Cash Alc (Being insurance paid in advance) Debit $ 2,238.00 $ 2,238.00 Jun-01 $ 1,067.00 Advertisement Placement Fees A/c..Dr To Cash Alc (Being advertisement placement amount paid in cash) $ 1,067.00 Jun-01 $ 1,491.00 $ 1,491.00 Account Receivables Alc ......... Dr. To Rental Commission Alc (Being rental commission received in account) Prepaid Rent A/c.... Dr To Cash Alc (Being Rent paid in advance) Jun-03 $ 4,130.00 $ 4,130.00 Jun-03 $ 1.240.00 Account Receivables Alc ......... Dr. To Rental Commission Alc (Being rental commission received in account) S 1,240.00 Jun-04 $742.00 $742.00 Jun-07 $735.00 Advertisement Placement Fees Alc..Dr To Cash Alc (Being advertisement placement amount paid in cash) Purchases A/c ...Dr To Cash Alc (Being purchases in cash) Cash A/c.... Dr To Accounts Receivables Alc (Being payment received from customers) $735.00 Jun-07 $1,706.00 $1,706.00 Jun-08 $375.00 Sundry Expenses A/c....Dr To Cash Alc (Being sundry expenses paid in cash) $375.00 Jun-11 $779.00 Accounts Payable Alc....Dr To Cash Alc (Being accounts payable paid in cash) $779.00 Jun-13 $1,777.00 Cash /Ac....Dr To Rental Commission Alc (Being rental commission received in cash) $1,777.00 Jun-13 $1,486.00 Advertising Expense Alc....Dr To Accounts Payable A/C (Being advertising expense paid from account) $1,486.00 Jun-14 $ 1,015.00 Accounts Receivable Alc....Dr To Auction Commission A/C $1,015.00
Jun-15 $ 1,016.00 Advertisement Placement Fees Alc..Dr To Cash Alc (Being advertisement placement amount paid in cash) $1,016.00 Jun-15 $ 2,539.00 $2,539.00 Wages A/c....Dr To Cash Alc (Being wages paid in cash) Drawings A/c....Dr To Cash Alc (Being cash withdrawn for personal use) Jun-17 $988.00 S988.00 Jun-20 $1,568.00 $1,568.00 Cash Alc.... Dr To Rental Commission Alc (Being rental commission received in cash) Accounts Payable Alc....Dr To Cash Alc (Being accounts payable paid in cash) Jun-21 $580.00 $580.00 Jun-21 S245.00 Repair and Maintenance Alc... Dr To Cash Alc (Being repair and maintenance on motor vehicle expense paid in cash) S245.00 Jun-23 $1,890.00 Cash Alc....Dr To Auction Commission A/C (Being auction commission received in account) $1,890.00 Jun-24 $3,389.00 Cash Alc.... Dr To Capital Alc (Being extra cash introduced as capital) $3,389.00 Jun-25 $1,466.00 Cash Alc.....Dr To Accounts Receivable Ale (Being payment received from customers) $1,466.00 Jun-25 $1,146.00 Advertisement Placement Fees Alc..Dr To Accounts Payable A/C (Being advertisement palcement fees paid from account) $1,146.00 Jun-27 $883.00 Accounts Receivable Alc.....Dr To Auction Commission A/C (Being auction commission received in account) $883.00 Jun-28 $1,796.00 Cash Alc.....Dr To Auction Commission Alc (Being auction commission received in cash) $1,796.00 Jun-28 $686.00 Advertising Expense Alc....Dr To Cash Alc (Being advertisement expense paid in cash) $686.00
Dr. RENTAL COMMISSION PARTICULA RS DATE AMOUNT DATE To Balance c/d 30-Jun $ 6,076.00 1-Jun Cr. PARTICULA RS AMOUNT Account Receivables Alc $ 1,491.00 Account Receivables $ 1,240.00 Cash /Ac $ 1,777.00 Cash A/C $ 1,568.00 $ 6,076.00 Alc 3-Jun 13-Jun 20-Jun $ 6,076.00 Dr. DATE 30-Jun AUCTION COMMISSION Cr. PARTICULA PARTICULA RS AMOUNT DATE RS AMOUNT Accounts To Balance Receivable c/d $ 5,584.00 14-Jun A/C $ 1,015.00 23-Jun Cash Alc $ 1,890.00 Accounts Receivable 27-Jun A/C $ 883.00 28-Jun Cash A/C $ 1,796.00 $5,584.00 $ 5,584.00 Dr. DATE 1-Jun 4-Jun 15-Jun ADVERTISEMENT PLACEMENT FEES Cr. PARTICULA PARTICULA RS AMOUNT DATE RS AMOUNT By Balance To Cash A/c $ 1,067.00 30-Jun cld $ 3,971.00 To Cash A/c $ 742.00 To Cash A/c $ 1,016.00 To Accounts Payable $ 1,146.00 $ 3,971.00 $ 3,971.00 25-Jun
- Plz Plz Help Requirement Income Statement Balance Sheet Statement Of Changes In Equity Trial Balance 1 (72.87 KiB) Viewed 51 times
- Plz Plz Help Requirement Income Statement Balance Sheet Statement Of Changes In Equity Trial Balance 2 (56.21 KiB) Viewed 51 times
- Plz Plz Help Requirement Income Statement Balance Sheet Statement Of Changes In Equity Trial Balance 3 (52.88 KiB) Viewed 51 times
- Plz Plz Help Requirement Income Statement Balance Sheet Statement Of Changes In Equity Trial Balance 4 (60.03 KiB) Viewed 51 times
INCOME STATEMENT
BALANCE SHEET
STATEMENT OF CHANGES IN EQUITY
TRIAL BALANCE
Proprietor: Mr. Isell Holmes Name: Realtor 21 Description: Real Estate Agent The business has the following opening balances: Cash At Bank Account Receivable Motor Vehicle Account Payable Bank Loan (due 2022) Furniture Promotional Material Supplies Capital $14,947 $19,742 531 852 $7,864 527944 $26,121 $545 ? Additional Information: Bank loan interest rates % per year) Motor vehicle useful life (years) Motor vehicle serap value (5) Insurance paid for months) Rent paid for months) Furniture useful life (years) Furniture scrap value (S) Closing stock of promotional materials 30/6 ($) Staff work a 14 day fortnight and are paid on the 15th day. 11 5 2,380 4 3 3 0 797 Transactions: Date Description 1-Jun Paid General Insurance 1-Jun Rental commission - Account 3-Jun Rental commission - Account 7-Jun Purchase promotional materials 8-Jun Sundry Expenses 13-Jun Rental commission - Cash 14-Jun Auction commission - Account 15-Jun Staff Wages 20-Jun Rental commission - Cash 21-Jun Motor Vehicle Expenses 24-Jun Additional cash contributed by owner 25-Jun Advertising placement fees - Account 28-Jun Auction commission - Cash 29-Jun Staff Wages Amount $2.238 $1,491 $1,240 $735 $375 $1,777 $1,015 $2,539 $1,568 $245 $3,389 $1,146 $1,796 $2,539 Date Description 1-Jun Advertising placement fees - Cash 3-Jun Rent of Business Premises 4-Jun Advertising placement fees - Cash 7-Jun Receive Payment from Account Customers 11-Jun Payment to Account Payable 13-Jun Advertising Expense - Account 15-Jun Advertising placement fees - Account 17-Jun Cash Withdrawals by Owner 21-Jun Payment to Account Payable 23-Jun Auction commission - Cash 25-Jun Receive Payment from Account Customers 27-Jun Auction commission - Account 28-Jun Advertising Expense - Cash Amount $1,067 $4,130 $742 $1,706 $779 $1,486 $1,016 $988 $580 S1,890 $1,466 $883 $686
Credit Date Jun-01 In the books of Mr. Isell Holmes GENERAL JOURNAL Particulars Prepaid Insurance Alc..........Dr To Cash Alc (Being insurance paid in advance) Debit $ 2,238.00 $ 2,238.00 Jun-01 $ 1,067.00 Advertisement Placement Fees A/c..Dr To Cash Alc (Being advertisement placement amount paid in cash) $ 1,067.00 Jun-01 $ 1,491.00 $ 1,491.00 Account Receivables Alc ......... Dr. To Rental Commission Alc (Being rental commission received in account) Prepaid Rent A/c.... Dr To Cash Alc (Being Rent paid in advance) Jun-03 $ 4,130.00 $ 4,130.00 Jun-03 $ 1.240.00 Account Receivables Alc ......... Dr. To Rental Commission Alc (Being rental commission received in account) S 1,240.00 Jun-04 $742.00 $742.00 Jun-07 $735.00 Advertisement Placement Fees Alc..Dr To Cash Alc (Being advertisement placement amount paid in cash) Purchases A/c ...Dr To Cash Alc (Being purchases in cash) Cash A/c.... Dr To Accounts Receivables Alc (Being payment received from customers) $735.00 Jun-07 $1,706.00 $1,706.00 Jun-08 $375.00 Sundry Expenses A/c....Dr To Cash Alc (Being sundry expenses paid in cash) $375.00 Jun-11 $779.00 Accounts Payable Alc....Dr To Cash Alc (Being accounts payable paid in cash) $779.00 Jun-13 $1,777.00 Cash /Ac....Dr To Rental Commission Alc (Being rental commission received in cash) $1,777.00 Jun-13 $1,486.00 Advertising Expense Alc....Dr To Accounts Payable A/C (Being advertising expense paid from account) $1,486.00 Jun-14 $ 1,015.00 Accounts Receivable Alc....Dr To Auction Commission A/C $1,015.00
Jun-15 $ 1,016.00 Advertisement Placement Fees Alc..Dr To Cash Alc (Being advertisement placement amount paid in cash) $1,016.00 Jun-15 $ 2,539.00 $2,539.00 Wages A/c....Dr To Cash Alc (Being wages paid in cash) Drawings A/c....Dr To Cash Alc (Being cash withdrawn for personal use) Jun-17 $988.00 S988.00 Jun-20 $1,568.00 $1,568.00 Cash Alc.... Dr To Rental Commission Alc (Being rental commission received in cash) Accounts Payable Alc....Dr To Cash Alc (Being accounts payable paid in cash) Jun-21 $580.00 $580.00 Jun-21 S245.00 Repair and Maintenance Alc... Dr To Cash Alc (Being repair and maintenance on motor vehicle expense paid in cash) S245.00 Jun-23 $1,890.00 Cash Alc....Dr To Auction Commission A/C (Being auction commission received in account) $1,890.00 Jun-24 $3,389.00 Cash Alc.... Dr To Capital Alc (Being extra cash introduced as capital) $3,389.00 Jun-25 $1,466.00 Cash Alc.....Dr To Accounts Receivable Ale (Being payment received from customers) $1,466.00 Jun-25 $1,146.00 Advertisement Placement Fees Alc..Dr To Accounts Payable A/C (Being advertisement palcement fees paid from account) $1,146.00 Jun-27 $883.00 Accounts Receivable Alc.....Dr To Auction Commission A/C (Being auction commission received in account) $883.00 Jun-28 $1,796.00 Cash Alc.....Dr To Auction Commission Alc (Being auction commission received in cash) $1,796.00 Jun-28 $686.00 Advertising Expense Alc....Dr To Cash Alc (Being advertisement expense paid in cash) $686.00
Dr. RENTAL COMMISSION PARTICULA RS DATE AMOUNT DATE To Balance c/d 30-Jun $ 6,076.00 1-Jun Cr. PARTICULA RS AMOUNT Account Receivables Alc $ 1,491.00 Account Receivables $ 1,240.00 Cash /Ac $ 1,777.00 Cash A/C $ 1,568.00 $ 6,076.00 Alc 3-Jun 13-Jun 20-Jun $ 6,076.00 Dr. DATE 30-Jun AUCTION COMMISSION Cr. PARTICULA PARTICULA RS AMOUNT DATE RS AMOUNT Accounts To Balance Receivable c/d $ 5,584.00 14-Jun A/C $ 1,015.00 23-Jun Cash Alc $ 1,890.00 Accounts Receivable 27-Jun A/C $ 883.00 28-Jun Cash A/C $ 1,796.00 $5,584.00 $ 5,584.00 Dr. DATE 1-Jun 4-Jun 15-Jun ADVERTISEMENT PLACEMENT FEES Cr. PARTICULA PARTICULA RS AMOUNT DATE RS AMOUNT By Balance To Cash A/c $ 1,067.00 30-Jun cld $ 3,971.00 To Cash A/c $ 742.00 To Cash A/c $ 1,016.00 To Accounts Payable $ 1,146.00 $ 3,971.00 $ 3,971.00 25-Jun