Ledger Name Debit Balance Credit Balance Motor Car $500,000 $50,000 $450,000 $5,500,000 $250,000 $35,000 $525,000 (-)$200,000 Furniture Computers Fixed Assets Bank Balances Cash in Hand Trade Receivables Bank Overdraft Trade Payables Security Premium Share Capital Capital Reserve Rent Payable Rent Expenses Salary Payable Electricity Expenses Secured Loan Unsecured Loan Total $100,000 $2,500,000 $2,500,000 $440,100 $30,000 $110,100 $70,000 $120,000 $1,500,000 $200,000 $7,340,100 $7,340,100
Ledger Name Debit Balance Credit Balance Motor Car $500,000 $50,000 $450,000 $5,500,000 $250,000 $35,000 $525,000 (-)$200,000 Furniture Computers Fixed Assets Bank Balances Cash in Hand Trade Receivables Bank Overdraft Trade Payables Security Premium Share Capital Capital Reserve Rent Payable Rent Expenses Salary Payable Electricity Expenses Secured Loan Unsecured Loan Total $100,000 $2,500,000 $2,500,000 $440,100 $30,000 $110,100 $70,000 $120,000 $1,500,000 $200,000 $7,340,100 $7,340,100
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 2R: Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas...
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CONSTRUCT THE FOLLOWING: (a) Income Statement (b) Statement of changes in equity (c)
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