Account

Cash
Account Receivable
Inventry Opening
Supples
Prepaid Insuranc
Capital
Account Payable
Equipment
Sales
Sales Return
Purchase
Purchase Disc
Carriage In
Salary Expense
Rent Income
Advertising
Intertest Expense
Allowance for Bad Debt
Salary Payable
Allowance for Depreciation
Supplies Exp
Baddebt Expens
Depreciation Exp
Insurance Exp
Un Earned Rent
Inventory Closing

Trial
Dr
Cr
3,500
4,430
6,270
800
1,050
14,000
7,000
12,000
40,000
400
28000
700
1,200
6,500
3,000
600
250
300

Adjustment
Dr
Cr

500
250

500
1,200

143
500
1,200
500
143
1,200
250
1,200

65,000

65,000

3,793

3,793

65,000

65,000

3,793

3,793

Adjusted Trial
Dr
Cr
3,500
4,430
6,270
300
800
14,000
7,000
12,000
40,000
400
28,000
700
1,200
7,000
1,800
600
250
443
500
1,200
500
143
1,200
250
1,200
66,843
66,843

66,843
66,843

813 987 46.800 600 250 443 500 1.000 7.330 .300 25.330 24.200 500 143 1.800 25.330 46.800 4.000 700 1.200 250 1.270 300 800 14.500 4.000 12.800 4.343 987 25.430 6.000 1.200 7.000 40.200 45.300 46.000 400 28.PnL Dr Cr Balance Sheet Dr Cr 3.

000 Less: COGS Opening Inventory Add Purchase Less Purchase Return Add Transportation Stock Available Less Closing Inventory Adjustment Dr Cr 11.000 14.100 800 22.600 157.000 1.200 2.000 (15.000 20.000 1.000 1.600 80.000 157.500 153.400 6.100 800 22.600 800 700 1.000 5.000 60.400 4.000 15.600 153.000 (2.500 10.500 8700 200 1.500 5.000 1.500 32.000) .000 5. 69 Account Cash in hand Cash at Bank Accounts Receivable Furniture Inventory Op Purchases Sales Discrount Transportaion Salaries Rent and Taxex Drawing Allowance for Baddebt Insurance Exp Purchase Return Interest Income Sales Account Payable Capital Advertising Payable Loan Payable Depreciation Exp Allowance for Dep Prepaid Insurance Bad Debt Expense Rent Payable Commision Income Commission Receivable Trial Dr Cr 12.000 (1.500 5.000 8.000 60.000 700 800 1.000) 79.600 900 900 Adjusted Trial Dr Cr 12.000 1.000 1.000 157.500 10.000 14.000 1.500 153.000 11.000 15.600 157.600 Sales Sales Disc Net Sales 80.500 32.500) 1.Page No.600 80.000 700 800 1.000 1.500 1.100 8700 600 500 2.500 1.000 8.500 70.000 11.000 60.600 900 900 153.000 20.

000 .COGS 55.000 Gross Profit 24.

000 8.000 11.000 1.300 100.500 10.600 7.100 8700 600 500 2.100 800 22.000 80.000 80.000 15.500 32.000 700 800 1.300 7.000 900 15.000 1.300 .700 100.000 1.000 20.400 6.PnL Dr Cr Balance Sheet Dr Cr 12.300 72.500 1.000 60.700 80.000 1.600 80.000 100.000 14.000 15.600 900 92.

000 Ending Inventory .000 Sale Sales Return Sales Disc Net Sales COSG: Net Sale Gross Profit Ending Inventory 110.000 110.000 Total Inventory 100. 118 Ending EnventoryCost by Gross Profit question: 1/1/2011 Inventory 20.000 Avg Gross Profit Rate 30% of Net Sale Net Purchase Net Sales Openign Inventory Purchase Purchase Return Transportation 80.000 Net Purchase COGS Beg Inventory Net Purchase 20.000 80.Pg No.000 33.000 Gross Profit 77.000 23.

000 Gross Profit (200.000 .000) (12.000 (25.000) 800.Openign Inventory 225.000) Ending Inventory 600.000 Purchase Return Transportation 650.000) 10.000 Net Purchase 860.000 (18.000 260.000 Sales Return Sales Disc Net Sales 830.

000 460.000 140.000 15.000 340.000 8.000 12. 4 Page No.000 25.Q No.000 COGS Ending Inv at Retail .000 490. 119 Inventory Inventory Purchase During the period Purchase discount Purchase Return Gross Sales Sales Return Sales Discount ANS Cost Retail Price 100.

000 Ending Inv at Retail 150.000 140.000 Purchase During the period 340.000 .000 Purchase Return 12.000 460.000 Available for Sale 420.000 70% 105.Cost Price Retail Price Inventory 100.000 450.000 600.000 Purchase discount 8.

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