Trial Balance of

As at
Account DR CR
Interest Expense $ 150.00
Wages $ 13,000.00
Sales $ 150,000.00
V Campbell $ 1,350.00
D Hall $ 875.00
Rent Revenue $ 1,275.00
Office Furniture $ 10,000.00
Inventories $ 10,500.00
Advertsing $ 3,000.00
Cash at Bank $ 10,000.00
Sales Return $ 1,500.00
Equipment $ 20,000.00
Selling Expenses $ 13,000.00
Vehicles $ 25,000.00
Building $ 15,000.00
Land $ 15,000.00
Cost of Goods Sold $ 75,750.00
Mortgage $ 10,000.00
Goodwill $ 50,000.00
Prepaid Insurance $ 1,000.00
Shares in TX Co $ 10,000.00
Office Expense $ 2,770.00
S Mayne $ 880.00
M Wallace $ 1,000.00
GST Collected $ 13,000.00
GST Credits Received $ 8,000.00
Capital $ 118,750.00
Drawings $ 9,000.00

Additional Accounts:
accured expense $ 500.00
prepaid expense $ 750.00
unearned revenue $ 275.00

$ 295,650.00 $ 295,675.00
 General Journal (extract)

Date Particulars Post Ref DR CR

6/30/2023 Advertising expense $ 500.00
accured expense $ 500.00
(BDA)

6/30/2023 Prepaid insurance $ 750.00

Insurance expense $ 750.00
(BDA)

6/30/2023 Rent revenue $ 275.00

Unearned Revenue $ 275.00
(BDA)

6/30/2023 Interest expense $ 500.00

accured expense $ 500.00
 Statement of Profit or loss for the period ending
$ $ $
Sales
Less Sales Return
Less Cost of goods sold

Gross Profit

Ad other revenues

Expenses

Net (Loss) profit

 Statement of Financial Position
as at
$ $
Assets

Less Liabilities

Net Assets

Represented by
Owner's Equity
n

$
 Profitability Ratios
of
as at
Gross Profit Ratio

Net Profit Ratio

Return on Equity Ratio

Turnover of Inventories

Turnover of Accounts Rec