Answer in Accounting for Jodi-Ann Hart #177873

Control Accounts and Incomplete Records


Balance b/d 40,000 Payments to suppliers 492,020

Cash sales 170,000 Cash purchases 32,500

Receipts from debtors 458,560 Rent 57,500

Motor vehicle 300,000 Fixtures 220,000

Bank interest 2,500 Rates 8,500

Commission 73,000 Wages 66,000

Balance c/d 53,960 General office expenses 11,500

Loan 78,000

Drawings 132,000

Total 1,098,020 1,098,020

List of balances:

Details Jan 1 Dec 31

Creditors 83,200 91,030

Debtors 94,500 82,400

Stock 75,500 95,600

Loan 194,000 116,000

Building 340,000 340,000

Motor vehicle 720,000 400,000

Fixtures 0 210,000

Rates prepaid 4,600 7,600

Commission owing 21,500 25,000

Wages owing 14,500 22,000

Additional notes:

Stock taken for personal use $9,500

Bad debt written off $8,500

Discounts allowed $3,400

motor vehicle sale was at net book value


the trial balance, statement of profit or loss, and

statement of financial position for New day Traders for the period( include all workings for the statement of affairs and control accounts please

Trial balance

Debits. credits


Motor vehicle 300000

Building. 340000

Stock 95600

Wages 66,000

Fixtures 210,000

Prepaid 7600

Purchase 32500

Debtors 82400

Commission 25000

Interest 2500

Rates 8500

General expense 11500



Creditors 91030

Loan 116000

Commission pay. 25000

Wage owing 22000

Drawing 13200

Sales 170000

Owner equity

Profit and loss

Sales. 170,000

Add withdraw 9,500

Less discount. 3,400

Net sales. 176,100

Less cogs

Opening. 75500

Add purchase32500

Less closing 95600


Gross profit. 163,700

Less expenses

Wages 7500

Rent 8500

Commission 3500

General 11500

Interest 2500

Bad debt 8500. 42000

Profit before tax 121,700

Tax at .3. 36,510

Net income. 85,190

Statement of financial position


Building 340,000

Prepaid 7600

Fixtures 210,000

Motor v.400,000

Stock 95,600

Debtors 82400

Bank 144,040


Liability and equity

Wage payable 22,000

Commission pay.25,000

Loan 116,000

Creditors 91,030

Owner equity


Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with TheBestPaperWriters
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Architecture, Building and Planning
The assignment was well written and the paper was delivered on time. I really enjoyed your services.
Customer 452441, September 23rd, 2022
Business Studies
Excellent service - thank you!
Customer 452469, February 20th, 2023
Business Studies
Thank you!
Customer 452451, November 27th, 2022
English 101
Very good job. I actually got an A
Customer 452443, September 25th, 2022
Thanks a lot the paper was excellent
Customer 452453, October 26th, 2022
Excellent services will definitely come back
Customer 452441, September 23rd, 2022
The paper was EXCELLENT. Thank you
Customer 452449, September 23rd, 2022
excellent loved the services
Customer 452443, September 23rd, 2022
Job well done and completed in a timely fashioned!
Customer 452451, November 18th, 2022
Business Studies
Job well done. Finish paper faster than expected. Thank you!
Customer 452451, October 3rd, 2022
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat