Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1.2 post the transactions to selected t accounts.

1.2 Post the transactions to selected T accounts. The chart of accounts for the business...

80.2K

Verified Solution

Question

Accounting

image
1.2 Post the transactions to selected T accounts. The chart of accounts for the business included the following accounts: [25 marks] Account Code Account Title Balance 1-100 Cash at bank 26,750 1-200 Debtors 29,980 1-300 Inventory 65,000 1-400 Prepayments 3,500 1-500 Motor Vehicles 12,000 1-600 Acc. Dept- equipment (2,500) 2-100 Creditors 22,000 2- 200 Accruals 530 2- 300 Unearned revenue 1,900 8,500 2-400 Provision for dividend 8,000 2-600 Provision for tax payable 25,000 2-700 Loan 40,000 3-100 Paid up capital 3-200 General reserve 28.800 3-300 Retained profit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

rogen anion using the Bohr model we assume that its two electrons move in an...

Physics
Q

On January 1, 20X9, Parent Corporation acquired 90 percent ofSmall Corporation's stock for $315,000...

Accounting
Q

Explain if the set below is a vector space given standard operations. The set of all even...

Advance Math
Q

What is meant by a sunk cost? Give examples of typical sunk costs for an IT...

General Management
Q

Sort the images and descriptions to match the corresponding phase of mitosis Sort each item...

Biology
Q

6 An Alternating Current circuit consists of a resistance and an ideal choke coil in...

Physics
Q

B B A B AB sin 0 7 7x F T rF sin 0 Tnet...

Physics
Q

39 Switch is in position A for a long time It is suddenly switched to...

Physics
Q

B Explain the following terms 1 Translatory motion 4 Displacement 2 Oscillatory motion 5 Average...

Physics
Q

Quatro Co. issues bonds dated January 1, 2017, with a par value of $850,000. The...

Accounting
Q

DataSpan, Incorporated, automated its plant at the start of the current year and installed a...

Accounting
Q

Assess the current financial health and recent financial performance of the company. What strengths and/or...

Accounting