Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
1. Prepare a trial balance from the information provided (5 marks)
2. Using the following additional information:
a. Stock April 30, 2018 $6,805.
b. Wages and salaries accrued at April 30, 2018 $3,500; Office expenses owing $16.
c. Rent prepaid April 30, 2018 $600.
d. Increase the provision for doubtful debts by $110.
e. Provide for depreciation as follows: Fixtures and fittings $190; Van $1,400.
i. Prepare an Income Statement for Mrs. Graver for the year ended April 30, 2018
(20 marks)
ii. Prepare the statement of financial position as at April 30, 2018 (20 marks)
