QUESTION 2The following trial balance of Anderson Pryion has been prepared by his accountant. Afterthe preparation of the trial balance, additional information has been noted but adjustmentshave yet to be made.Salesi)PurchasesReturn inwards.Return outwardsInventory at 1 January 2021Allowance for doubtful debtsii)Wages and salariesRatesAdditional information:Trial balance as at 31 December 2021TelephoneShop fittings (cost)Van (cost)Acc. Receivable & acc. PayableBad debtsCapitalBankDrawingsClosing inventory at 31 December 2021REQUIRED:Debit(S)350,0005,000100,00030,0006,0001,00040,00030,0009,800200Credit($)400,0006,2008007,000a)b) Accrued wagesc)Rates prepaidd)The allowance for doubtful debts to be increased to 10% of account receivablee)f)179,0003,00018,000593,000 593,000$120,000$5,000$500Telephone account outstanding$220Depreciate shop fittings at 10% per annum, and van at 20% per annum, on costPrepare the Statement of Comprehensive Income for the year ending 31 December2021Prepare the Statement of Financial Position as at 31 December 2021

Name: QUESTION 2The following trial balance of Anderson Pryion has been pre
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Description: QUESTION 2The following trial balance of Anderson Pryion has been prepared by his accountant. Afterthe preparation of the trial balance, additional information has been noted but adjustmentshave yet to be made.Salesi)PurchasesReturn inwards.Return o

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QUESTION 2 The following trial balance of Anderson Pryion has been prepared by his accountant. After the preparation of the trial balance, additional information has been noted but adjustments have yet to be made. Trial balance as at 31 December 2021 Sales Purchases Return inwards Return outwards Inventory at 1 January 2021 Debit (S) 350,000 5,000 100,000 Credit ($) 400,000 6,200

QUESTION 2 The following trial balance of Anderson Pryion has been prepared by his accountant. After the preparation of the trial balance, additional information has been noted but adjustments have yet to be made. Trial balance as at 31 December 2021 Sales Purchases Return inwards Return outwards Inventory at 1 January 2021 Debit (S) 350,000 5,000 100,000 Credit ($) 400,000 6,200

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 8P

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