| | | | 10 Column Worksheet for Mc Shannon's Trading for period ended 30 June 2012 |
| Trial Balance | | Adjustments | | Adjusted Trial Balance | | | Income Statement | | Balance Sheet |
| Accounts Payable Control | | | 70600 |
| Accounts recievable control | | | 72640 |
| Accum. Depreci. - delivery vehicle 3634 |
| Advertising 3000 |
| Audit Fees 2000 |
| bad debts 400 |
| Buildings 20000 |
| Capital G Mc Shannon 101180 | | | | | | | | v |
| Cash at bank 3352 |
| Commision expense- Sales 8000 |
| Copyright 3200 |
| Cost of good sold 88498 |
| Delivery vehicle 17800 |
| Delivery vehicle expenses 2400 |
| Government Bonds 4000 |
| Interest on Mortgage | | 3200 |
| Interest revenue 2108 |
| Inventories control 71000 |
| Land 10000 |
| Loan to A Atherton (due 31/3/13) 8000 |
| Loss by fire 5808 |
| Office expenses 1660 |
| Office salaries 67000 |
| Petty cash advance 100 |
| Postage expenses 498 |
| Provision for DD 900 |
| rates 7800 |
| Sales- cash 130000 |
| sales credit 161400 |
| sales return (credit sales) 1486 |
| Sales salaries 46800 |
| Stationery 980 |
| Drawings - G Mc shannon 3400 |
| Equipment 16000 |
| GST clearing (dr) 800 |
| Addional |
| Stationery on hand as at 30/6/12 is 50dolla |
| After a stocktake inventories as shown to be 70500 |
| Depreceation to be writen off |
| Delviery vehicle 20% reduxcing bal |
| Equpment 15% straight line (5000 residual) |
| Amorsitation of copyright over 10years |
| Expenses outstanding: office expenses 200 |
| Outstanding commision- sales to sales staff equual to 2% of June cash sales of 15000 |
| Advertising - 5% of total advertising expense has not been used |
| Interest revenue received in advance 200 |
| Revenues outstadning : interest on loan to A Atherton at 4% pa (interest received anually on 31/3 |
| Rates are to be devided between office and showroom in the ratio 1:1 re | | | | | | | spectively |
| Provison FOR DD | to be 1000 |
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