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TXD Manufacturing Ltd. Following information has been extracted from the books of TXD Manufacturing Ltd. for...

TXD Manufacturing Ltd.
Following information has been extracted from the books of TXD Manufacturing Ltd. for the year ended 30th June 2017:
Accounts Amount
£		 Amount
£
Dr. Cr.
Furniture 6250
Loose tools 640
Buildings 7500
Share Capital 12500
Bad debts 125
Provision for bad debts 200
Sundry debtor 3800
Sundry creditors 2500
Stock 01-07-2016 3460
Purchases 5475
Sales 15450
Bank overdraft 2850
Sale returns 200
Purchases returns 125
Advertising 450
Interest 118
Commission 375
Cash in hand 650
Insurance 1250
General expenses 782
Salaries 3300
34000 34000
The following adjustments are to be made:
(i) Stock in hand on 30-06-2017 was £ 3,250
(ii) Depreciate building at 5% and furniture at 10%
(ii) Outstanding salaries as at 30-06-2017 are £ 300
(iv) Interest payable as at 360-06-2017 is £ 75
(v) Insurance amounting to £ 100 is prepaid
(vi) Write off a further £ 100 as bad debts and provision for bad debts is to be made equal to 5% on sundry debtors.
Required:
Prepare Trial balance, Trading and Profit & Loss account and Balance Sheet as at 30-06-2017
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Answer #1

Trial Balance Credit Particulars Forniture Debit 5625 loose tools 640 Buildings 7125 19500 06 210 Share Capital Bad debts Prohttp://www.stevedenning.com interesting thing here is the August 1, 2005 evedenning.com/Conferences/Smiths the risky bet Dove640 8700 Balance sheet Assets Current Assets Cash I loose tools God Sundry debtors Less: provision for I doubtful debts stock

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