The extracted trial balance for a limited company as at 31% December 2019 is as
follows:
‘fdr fcr
Turnover 2,860,000 |
Purchases 1,200,000
Stock (inventory) (01.01.2019) 125,000 =
Salaries and wages 140,000
‘Advertising 220,000
Insurance 7,000
Rates 16,000
General expenses 22,000
Light, heat and water 5,000
Communication costs 16,000
Professional fees 12,000
| Audit fees 6,000
Interest paid 15,000
Provision for doubtful debts (01.01.2019) 10,000
‘Accounts payable 220,000
Accounts receivable 376,000
Freehold buildings at cost 2,268,000
Equipment at cost 780,000
Depreciation of equipment (01.01.2019) 468,000
Ordinary share capital £1 150,000
Profit and loss a/c bal. (01.01.2019) 1,298,000
‘Long-term loan payable 450,000
Dividend paid 180,000
68,000
2:456,000 | 5,456,000 |
ave been paid in advance
0 have been paid in advance
Tete ie
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