In 2014 Karina Niland saw an advertisement for the sale of a small hotel in West Cork - Junior Cycle Business Studies - Question 17 - 2019
Question 17
In 2014 Karina Niland saw an advertisement for the sale of a small hotel in West Cork. She carried out some research and discovered that tourist numbers have increas... show full transcript
Worked Solution & Example Answer:In 2014 Karina Niland saw an advertisement for the sale of a small hotel in West Cork - Junior Cycle Business Studies - Question 17 - 2019
Step 1
Post all totals and balances from analysed cash book: Light and Heat a/c
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Answer
In the Light and Heat account, we need to post the totals and balances:
Date
Details
Total
15/07/18
Bank
2,620
31/07/18
Balance c/d
2,620
01/08/18
Balance b/d
2,620
Step 2
Post all totals and balances from analysed cash book: Wages a/c
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Answer
In the Wages account, we fill in the totals and balances:
Date
Details
Total
31/07/18
Balance c/d
1,750
21/07/18
Bank
1,750
01/08/18
Balance b/d
1,750
Step 3
Complete the trial balance for Waves restaurant: Trial Balance 31 July 2018
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Answer
To complete the trial balance, sum up the debit and credit balances:
Details
Dr
Cr
Bank
10,957
Light & Heat
2,620
Wages
1,750
VAT
27
Sales
4,800
Purchases
4,500
Capital
15,000
Total
19,827
19,827
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