RESOURCE A

The following Trial Balance (extract) and additional information relate to Mountain Adventures for the year
ended 30 June 2020.

Mountain Adventures
Trial Balance as at 30 June 2020

Accounts receivable 3 200 Accounts payable 2 560

Accumulated depreciation - camping
Advertising 570 11 900
equipment
Bank 6 700 Allowance for doubtful debts 98

Camping equipment 24 530 Capital 42 362

Drawings 20 000 GST payable 7 655

General expenses 2 245 Dividends received 90

Insurance 2 400 Loan (@ 5.5% pa) 20 000

Interest on loan 960 Mountain bike tour fees received 59 180

Internet and stationery 390 Walking tour fees received 138 000
Loss on sale of camping
2 800
equipment
Maintenance on mountain bikes 3 000

Mountain bike tour expenses 29 000

Mountain bike tour guide wages 21 300

Mountain bikes 40 000

Office wages 19 000

Other tour expenses 4 450

Shares in MountainWear Ltd 3 500

Walking tour expenses 40 000

Walking tour guide wages 57 800

281 845 281 845

Botany Downs Secondary College – AS91176 Topic Test 2021