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Question: The following information relates to the year ended 30 November 2016 for the business of Rob Berry:
Stock at 1 December 2007 £1,657;
Stock at 30 November 2008 £2,004;
Purchases £54,672;
Sales £98,651;
Returns inwards £421;
Returns outwards £803.
Required: Prepare the trading account for the year ended 30 November 2016.
Using the chart of accounts in Figure, determine the changes to the balance sheet, income statement, job cost ledger, and equipment ledger as the result.
Prepare the journal entry to record the sale of these bonds on March 1, 2019. Prepare entry for bonds issued
The following summarizes the history of the Sharp City Recreation Center: 1. In 1987, the city constructed the building at a cost of $1,500,000. Of this amount, $1,000,000 was ?nanced with bonds and the balance from unrestricted city funds.
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