Question

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22.2A

22.3

22.4A

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22.24 W. Hope's year ended on 30 June 2020. Write up the ledger accounts, showing the transfers to the financial statements and the balances carried down to the next year for the following: You are required to write up the two accounts showing the appropriate amounts transferred to the income statement at 31 December 2018, the end of the financial year of the trader. year ended 31 December 2019 the information related to these two accounts is as follows: 0 Fire insurance, £1,164 covering the year ended 31 May 2020 was paid. (a) Stationery: Paid in the year to 30 June 2020 £240; Inventory of stationery at 30 June 2019 £60; Note: Individual accounts are not opened for accounts payable for packing materials bought on 22.4A On 1 January 2019 the following balances, among others, stood in the books of B. Baxter: (a) Lighting and heating, (Dr) £192. W) General insurance, £1,464 covering the year ended 31 July 2020 was paid. 2016. d y at 30 June 2020 £95. 30 June 2020 £60. W Closing inventory of packing materials was valued at £2,400. b) General expenses: Paid in the year to 30 June 2020 £470; Owing at 30 June 2019 £32; Owing at (od Rent and business rates (combined account) Paid in the year to 30 June 2020 £5,410; Rent owing at 30 June 2019 £220; Rent paid in advance at 30 June 2020 £370; Business rates owing 30 June 2019 £191; Business rates owing 30 June 2020 £393. lo) Motor expenses: Paid in the year to 30 June 2020 £1,410; Owing as at 30 June 2019 £92; Owing as at 30 June 2020 £67. (e) Hope earns commission from the sales of one item. Received in the year to 30 June 2020 £1,100; ving at 30 June 2019 £50; Owing at 30 June 2020 £82. 22.3 On 1 January 2018 the following balances, among others, stood in the books of A. Cook, a sole proprietor: (a) Business rates, £600 (Dr); (b) Packing materials, £1,400 (Dr). During the year ended 31 December 2018 the information related to these two accounts is as follows: Business rates of £6,200 were paid to cover the period 1 April 2018 to 31 March 2019; £4,000 was paid for packing materials bought; £900 was owing on 31 December 2018 in respect of packing materials bought on credit: old materials amounting to £300 were sold as scrap for £300 cash; credit. b) Insurance, (Dr) £1,410. During the 333

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Answer-22.2A

Account Stationery: Balance to the 30 June 2007: 60 Debit Turnovers:240 Balance at the 30 June 2008: 95 Balance to the 1 July: 95 Account General expenses: Balance to the 30 June 2007: 32 Debit Turnovers:240 Balance at the 30 June 2008: 60 Balance to the 1 July: 60 Account Motor expenses: Balance to the 30 June 2007: 92 Debit Turnovers: 1410 Balance at the 30 June 2008: 67 Balance to the 1 July: 67
Note- please replace the year with 2019-2020. Thanku,. Stay home stay safe.

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