1. Bought goods for resale on account 60/180
2. Received invoice for rent for $500, paid 40% in cash
3. Purchased vehicle on the 15th of January on account for $80 000, which was started to use on 28th of January.
4. Bought goods for resale 45/230 on account from Supplier S, $450 transportation costs purchased from the same supplier on account
5. Sold goods on account 66/300
6. Buyer B paid in advance $3000
7. Received invoice for office expenses $2500
8. Repaired building for $6000
Additional information:
Non-current tangible assets depreciated on a straight-line basis.
Useful life of vehicle 5 years, residual value 10%
Useful life of storehouse 15 years, residual value 10%
Required:
1) Record transactions
2) Prepare Trial balance
Please solve detailed explanation
76 exercise. There are presented balances of the company A for Ith of January. 76 exercise. There are presented balances of the company A for Ith of January