Financial statements with adjustments - PRINCIPLES OF ACCOUNTS

2020 SMSS 3E POA EOY P2 Q1

1 The following balances were extracted from the books of Martin Shoes as at 31 July 2020. $ Bank loan 50 000 Mortgage loan…

2 The following balances were extracted from the books of Ian Supplies for the financial year ending 31 August 2020: $ Motor vehicles 48…

4 The following balances were extracted from the books of Terrence Traders on 31 July 2020. $ Equipment 196 000 Motor vehicles 84 000…

4 The following balances were extracted from the books of Damien’s business on 31 July 2020. $ Equipment 196 000 Motor vehicles 84 000…

1 The following trial balance was extracted from the books of Just Play Store on 30 September 2020. Debit $ Credit $ Sales…

1 Jaznita Juices provided the following balances on 31 August 2020. $ Capital, 1 September 2019 82 000 Cash at bank (Credit balance) 5…

1 Wei runs a grocery business, Wei Daily. The following were the balances extracted from his ledger on 30 September 2020. $ Advertising 4…

1 Yani, owner of Yummy Dessert House, provided the following balances for the year ended 30 June 2020. $ Inventory 24 500 Cost of…

1 The following are balances extracted from the books of Putri Gift Shop on 31 March 2020 $ Advertising expense 37 450 …

1 The following balances were extracted from the books of Zaman Traders on 31 July 2020. $ Equipment 196 000 Motor vehicles 84 000…