2020 BGSS 3E POA EOY P1 Q4

2020 BGSS 3E POA EOY P1 Q4

4 The following information was available in Gwen’s books on 30 July 2020.

 

$

  

Inventory

3 500

Cash in hand

1 200

Fixtures and fittings

45 800

Cash at bank (overdraft)

5 200

Capital (as at 1 August 2019)

18 810

Trade receivables

9 700

Trade payables

18 680

Discount allowed

1 540

Sales revenue

55 000

Cost of sales

35 950

After the above balances were extracted, the following transactions took place on 31 July.

1. Received cheque of $6 250 from a debtor, Gary, as full settlement of a $6 600 debt

2. Purchased goods worth $700 by cash.

REQUIRED

Prepare the trial balance as at 31 July 2020.

[10]

[TOTAL 10]

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