BSBMGT517 Assessment

NATIONAL CAMPER TRAILERS - TRIAL BALANCE

Debits Credits

Balance Sheet

Cash $643,763 Petty Cash $500 Accounts Recieveable $1,385,184 Provision for Doubtful Debts $39,620 Prepaid insurance $6,315 Spare parts $98,102 Campers WIP $1,249,020 Other Debtors $79,018

Expo Truck & Vehicles $200,000 Less: Accumulated depreciation $58,333

Manufacturing Equipment $850,000 Less: Accumulated depreciation $255,000

Land & Buildings at cost $2,900,000 Less: Accumulated depreciation $928,000

Accounts payable $342,800 Accrued wages $95,000 Accrued compensation $70,000 Income taxes payable $133,000 Payroll taxes payable $21,000 Long-term loan payable $1,200,000

Stockholders' Equity Share Capital $750,000 Accumulated retained earnings $2,867,206

Sales Revenue $4,252,610 Spare parts & services $201,500 Gain (loss) on sale of assets $22,000

Cost of goods sold - Materials & Fittings $463,700 Cost of goods sold - Labour $1,161,160 Cost of goods sold - Other costs $318,161

Advertising $180,000 Freight $85,600 Bad debt written off $35,000 Bank charges $1,400

Office Staff $580,160 Payroll taxes $21,000 Vehicle expenses $44,000 Depreciation $234,333 Dues and subscriptions $17,500 Entertainment $2,300 Insurance $79,000 Interest expense $4,027 Maintenance $51,000 Miscellaneous $52,111 Office expense $9,000 Operating supplies $3,700 Permits and licenses $2,600 Postage $1,500 Professional fees $2,000 Property taxes $2,100 Rent $275,000 Repairs $2,000 Telephone $21,000 Travel $56,100 Utilities $21,000 Income taxes $53,715

$11,214,069.00 $11,214,069.00

30-Jun-15