The following trial balance was extracted from the ledger of Kibusa JoJo, a sole trader,...
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The following trial balance was extracted from the ledger of Kibusa JoJo, a sole trader, as at 31 May 20X3- the end of his financial vear. Kibusa JoJo TRIAL BALANCE AS AT 31 MAY 20X3 {:[Dr,Cr],[K^(')000,K^(')000]:} Property, at Cost Equipment, at Cost Provisions for depreciation (as at 1 June 20X2) on Property -on equipment Purchases Sales Inventory as at 1 Jume 20X2 Discount allowed Discount received Returns Out Wages and Salaries Irrecoverable Debts Loan Interest Other Operating expenses Trade Payables Trade Payables Cash In Hand Bank Drawings Allowance for receivables 17% long term loan Capital {:[120","000],[80","000]:} {:[20","000],[38","000]:} 250,000 402200 50,000 {:[4","800],[15","000]:} {:[58","800],[4","600],[5","100],[17","700]:} {:[38","000],[300
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