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Prepare a Trial Balance as at December for Arusha James

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Reference no: EM133124922

Question - From the following list of balances, prepare a trial balance as at 31 December 2020 for Arusha James.

Plant and Machinery 21,450

Motor Vehicles 26,000

Premises 80,000

Wages 42,840

Purchases 119,856

Sales 179,744

Rent Received 3,360

Telephone, printing and stationery 3,600

Accounts Payable 27,200

Accounts Receivable 30,440

Bank Overdraft 2,216

Capital ?

Drawings 10,680

General Expenses 3,584

Lighting and heating 2,960

Motor Expenses 2,360

Inventory (1 January 2020) 9,000

Discount Received 7000

Returns Inwards 8,500

Interest Received 20,000

Returns outwards 3,200

Commission Received 5300

Cash in hand 12,000

Taxes Expense 6,000

Inventory (31 December 2020) 15,000

Required - Prepare a Trial Balance as at 31 December 2020 for Arusha James.

Reference no: EM133124922

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