Homework 4: Fill in the Income Statement and Balance Sheet from  
    the Trial Balance and EOYA below:  
             
      Estimated:    
    Your Score:    
             
    Trial Balance (TB) DR CR    
    Drawings £750      
    Rates £3,500      
    Commissions £7,500 £45,000    
    Mortgage   £350,000    
    Returns £2,300 4100    
    Computers £15,000      
    Allowance for doubtful debts   £1,450    
    Purchases £37,400      
    Buildings £450,000      
    Salaries £120,000      
    Accounts Receivable £45,000      
    Bad Debts £1,400      
    Cash £17,500      
    Sales   £245,000    
    Loan   £23,000    
    Bank   £4,500    
    Opening Inventory £4,600      
    Elecricity £1,500      
    Carriage Out £780      
    Carriage In £820      
    Accounts Payable   £4,700    
    Capital   £30,300    
         
             
       
    Closing Inventory £7,400      
    Allowance for doubtful debts rate: 12% of debtors    
             
    Income Statement £ £    
         
         
           
           
         
         
         
         
         
           
         
           
         
           
         
         
         
         
         
         
    EOYA        
         
           
         
             
    Balance Sheet £ £ £