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1、!QUESTION2.19TradingBusinessThefollowingbalanceswerepreparedforJoanWells,asat31March2012:$$AccountsReceivable13,270Mortgage110,000Advertisingcosts2,310Sales227,980Bank5,410Accountspayable9,500Drawings40,440Capital60,660Insuranceexpense2,160Inventory(1April2011)10,800Wage
2、sexpense31,400Officeexpenses6,820Baddebtsexpense1,100Equipment13,250Interestpaid7,700Landandbuildings164,220Motorvehicleexpenses1,350Purchases90,410Vehicles17,500$408,140$408,140AdditionalInformationYouhavebeentoldthatclosinginventory,asat31March2012was$12,500Required:a)
3、PrepareaclassifiedIncomeStatementfortheyearending31March2012.b)PrepareaclassifiedBalanceSheetinverticalformatasat31March2012.QUESTION2.20TradingBusinessThefollowingbalanceswerepreparedforLClarkeasat31August2011:$$Bank6,500Sales260,000Landandbuildings220,000Mortgage132,00
4、0Wages22,000Accountspayable11,400Motorexpenses1,600Capital72,800Inventory1Sept1013,000Insurance2,600Vehicles20,000Equipment16,000AccountsReceivable13,300Purchases108,500Advertising1,100Interestpaid12,000Baddebts1,400Officeexpenses8,200Drawings30,000$476,200$476,200Additi
5、onalInformation:Youhavebeentoldthatclosinginventory,asat31August2011was$15,000Required:a)PrepareaclassifiedIncomeStatementfortheyearending31August2011.b)PrepareaclassifiedBalanceSheetinverticalformatasat31August2011.!QUESTION2.21TradingBusinessAndrew’sArtSupplieshadthefo
6、llowingbalancesat30September2012:Andrew’sArtSuppliesTrialBalanceasat30September2012$$AccountsReceivable47,780Drawings26,990Electricity6,300Insurance1,400Interest6,200LandandBuildings160,000Purchasesofmaterials203,900Advertising6,800Wages21,500Officeexpenses430Equipment26
7、,500Motorexpenses7,900Deliveryvan20,000Accountspayable1,700Bankoverdraft2,250Capital106,700Mortgage135,000Sales________290,050$535,700$535,700Required:(a)PrepareaclassifiedIncomeStatementfortheyearending30September2012.(b)PrepareaclassifiedBalanceSheet(inverticalformat)a
8、sat30September2012.!QUESTION2.22TradingBusinessThefollowingitemsrelatetothebusinessofJillWong:JillWongT
