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Transform the raw data into an ordered trial balance. Then pass adjusting entries in pure...

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Accounting

Transform the raw data into an ordered trial balance. Then pass adjusting entries in pure journal form, Then make working notes, then make adjusted trial balance, then the income statement and balance sheet. image

28.9 The trial balance for a small business at 31 August 20x8 is as follows: f f Stock 1 September 20X7 8,200 Purchases and Sales 26,000 40,900 Rent 4,400 Business rates 1,600 Sundry expenses 340 Motor vehicle at cost 9,000 Debtors and creditors 1,160 2,100 Bank 1,500 Provision for depreciation on motor vehicle 1,200 Capital at 1 September 20X7 19,700 Drawings 11,700 63,900 63,900 At 31 August 20x8 there was: Stock valued at cost prices 9,100 Accrued rent of 400 Prepaid business rates of 300 The motor vehicle is to be depreciated at 20% of cost Required: 1 The adjustments to the ledger accounts for rent and business rates for the year to 31 August 20x8. 2 A trading profit and loss account for the year ending 31 August 20x8, together with a balance sheet as at that date

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