B. Barrett a sole proprietor had the following trial balance at the…

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Question Answered step-by-step B. Barrett a sole proprietor had the following trial balance at the… B. Barrett a sole proprietor had the following trial balance at the end of the financial year December 2021: (30 marks)Accounts Dr. CR.Inventory January 1 2021 $ 105,600Sales $ 552,800Purchases 282,600Carriage inwards 2700Carriage outwards 11,680Return outwards 4,816Wages and Salaries 126,800Business rates 7600Communication expense 1428Commission paid 3860Insurance 3660Sundry expense 416Buildings 250,000Accounts Receivable 91,800Accounts payable 49,740Fixtures and Fittings 2212Cash at Bank 62,840Cash in hand 552Drawings 74640Capital 421,032 1,028,380 1,028,380 Inventory at 30 December 2021 was $116,880Prepared B. Barrett sets of Financial Statements for the financial year December 2021 Accounting Business Financial Accounting ACCOUNTING 1000 Share QuestionEmailCopy link Comments (0)