Discount Fixture
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distribute the following in the trial balance?
cash in hand 1250
bank overdraft 101500
capital account-A 114000
capital account-B 141000
capital account-C 88500
drawings account-A 3600
drawings account-C 14300
purchases 2174000
sales return 8700
sales 2581700
debtors 214000
creditors 215220
interest on overdraft 14360
insurance premium 4670
rent and rates 11300
printing and stationery 3660
opening stock 424000
furniture and fixtures 216000
advertising charges 9580
cash discount on sales 12100
sundry expenses 10100
salaries 12000
The debits:
cash in hand 1250
drawings account-A 3600
drawings account-C 14300
purchases 2174000
sales return 8700
debtors 214000
interest on overdraft 14360
insurance premium 4670
rent and rates 11300
printing and stationery 3660
opening stock 424000
furniture and fixtures 216000
advertising charges 9580
cash discount on sales 12100
sundry expenses 10100
salaries 12000
Total debits: 3,133,620
The credits:
bank overdraft 101500
capital account-A 114000
capital account-B 141000
capital account-C 88500
sales 2581700
creditors 215220
Total credits: 3,241,920
Your 'trial balance' doesn't balance. Sure you haven't left anything out?
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Home Lighting, Outdoor Lighting Fixtures All at Discount Prices at JedLights.com
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