Source : Financial Accounting with IFRS Standards, Weygant Kimmel Kieso, Chapter 9

Raymond Company
Trial Balance at Dec 31, 2017

in £ Debit Credit
Cash 28.000
Accounts Receivable 36.800
Notes Receivable 10.000
Interest Receivable -
Inventory 36.200
Prepaid Insurance 4.400
Land 20.000
Buildings 160.000
Equipment 60.000
Patent 8.000
Allowance for Doubtful Accounts 300
Accumulated Depreciation - Buildings 49.000
Accumulated Depreciation - Euipment 24.000

Account Payable 28.300

Income Tax Payable -
Salaries and Wages Payable -
Unearned Rent Revenue 6.000
Notes Payable (due in 2018) 11.000
Interest Payable -
Notes Payable (due after2018) 35.000
Share Capital - Ordinary 50.000
Retained Earnings 63.600
Dividends 12.000

Sales Revenue 910.000

Interest Revenue -
Rent Revenue -
Gain on Disposal of Plant Assets -
Bad Debt Expense -
Cost of Goods Sold 630.000
Depreciation Expense -
Income Tax Expense -
Insurance Expense -
Interest Expense -
Other Operating Expense 61.800
Amortization Expense -
Salaries and Wages Expense 110.000

Total 1.177.200 1.177.200