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