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    Umme Zainab Accounting Assighnment

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    zm65012
    Umma Zainab is a student in BBA 3A with roll number 46. The adjusted trial balance on December 31, 2011 shows accounts for KC Antiques, including assets, liabilities, equity, revenues and expenses. Cash and accounts receivable total $20,000 while merchandise inventory is $60,000. Total sales are $343,250 with discounts and returns of $11,000. Expenses include cost of goods sold, depreciation, salaries, insurance, rent, supplies and advertising that amount to $244,650.

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    Umme Zainab Accounting Assighnment

    Uploaded by

    zm65012
    8 views2 pages
    Umma Zainab is a student in BBA 3A with roll number 46. The adjusted trial balance on December 31, 2011 shows accounts for KC Antiques, including assets, liabilities, equity, revenues and expenses. Cash and accounts receivable total $20,000 while merchandise inventory is $60,000. Total sales are $343,250 with discounts and returns of $11,000. Expenses include cost of goods sold, depreciation, salaries, insurance, rent, supplies and advertising that amount to $244,650.

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    Umma Zainab is a student in BBA 3A with roll number 46. The adjusted trial balance on December 31, 2011 shows accounts for KC Antiques, including assets, liabilities, equity, revenues and expenses. Cash and accounts receivable total $20,000 while merchandise inventory is $60,000. Total sales are $343,250 with discounts and returns of $11,000. Expenses include cost of goods sold, depreciation, salaries, insurance, rent, supplies and advertising that amount to $244,650.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    8 views2 pages

    Umme Zainab Accounting Assighnment

    Uploaded by

    zm65012
    Umma Zainab is a student in BBA 3A with roll number 46. The adjusted trial balance on December 31, 2011 shows accounts for KC Antiques, including assets, liabilities, equity, revenues and expenses. Cash and accounts receivable total $20,000 while merchandise inventory is $60,000. Total sales are $343,250 with discounts and returns of $11,000. Expenses include cost of goods sold, depreciation, salaries, insurance, rent, supplies and advertising that amount to $244,650.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Name umma zainab

    Class: BBA 3A
    roll number 46

    KC ANTIQUES
    Adjusted Trial BaLance
    December 31,2011

    Account Title Debit Credit


    Cash 7000
    Accounts recievable 13000
    Merchandise inventory 60000
    Store supplies 1500
    Equipment 45600
    Accumulated depreciation-Equipment 16600
    Accounts payable 9000
    Salaries Payable 2000
    K.Carter,Capital 79000
    K.Carter,Withdrawal 10000
    Sales 343250
    Sales Discounts 5000
    Sales returns and allowance 6000
    Cost of goods sold 159900
    Depreciation expense-Store equipme 4100
    Depreciation expense-Office equipme 1600
    Sales salaries expense 30000
    Office salaries expense 34000
    Insurance expense 11,000
    Rent expense (70% is store, 30% is off 24000
    Store supplies expense 5750
    Advertising expense 31400
    Total 449850 449850
    Name umma zainab
    Class: BBA 3A
    roll number 46

    KC ANTIQUES
    Adjusted Trial BaLance
    December 31,2011

    Account Title Debit Credit


    Cash 7000
    Accounts recievable 13000
    Merchandise inventory 60000
    Store supplies 1500
    Equipment 45600
    Accumulated depreciation-Equipment 16600
    Accounts payable 9000
    Salaries Payable 2000
    K.Carter,Capital 79000
    K.Carter,Withdrawal 10000
    Sales 343250
    Sales Discounts 5000
    Sales returns and allowance 6000
    Cost of goods sold 159900
    Depreciation expense-Store equipment 4100
    Depreciation expense-Office equipment 1600
    Sales salaries expense 30000
    Office salaries expense 34000
    Insurance expense 11,000
    Rent expense (70% is store, 30% is office) 24000
    Store supplies expense 5750
    Advertising expense 31400
    Total 449850 449850

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