pre-adjustment trial balance

[99.95]

is this correct:            General Ledger                           Subsidiary Ledger

                              DR         CR                                   DR            CR

stock control                         300
stock loss                 300
repairs                     3000
deliver van                            3000
depreciation delivery van 2400
delivery van                            2400
interest on loan        375
bank                                     375
insurance                600
prepaid insurance                     600

[Stormer]

That's the general journal?

[99.95]

That's the general journal?

yep... did i get it right or wrong?

[Stormer]

Do you remember what question? I've got the qusetion book in front of me and can't really find it

[Stormer]

Stock Gain 700CR
Stock Control 700DR
Delivery Van Expense (Repairs to Delivery Van) 3000DR
Delivery Van 3000CR
Dep. Delivery Van 1200DR
Acc. Dep. Delivery Van 1200CR
Interest Expense 1875DR
Accrued Interest Expense 1875CR
Prepaid Insurance 800CR
Insurance Expense 800DR

[99.95]

Stock Gain 700CR
Stock Control 700DR
Delivery Van Expense (Repairs to Delivery Van) 3000DR
Delivery Van 3000CR
Dep. Delivery Van 1200DR
Acc. Dep. Delivery Van 1200CR

not that question.... question 1.3.1
Interest Expense 1875DR
Accrued Interest Expense 1875CR
Prepaid Insurance 800CR
Insurance Expense 800DR

not that question, question 1.3.1

[Stormer]

That IS 1.3.1

[99.95]

That IS 1.3.1

oh shit.... just realised i stuffed the whole thing up

[LFTM]

Stock Gain 700CR
Stock Control 700DR
Delivery Van Expense (Repairs to Delivery Van) 3000DR
Delivery Van 3000CR
Dep. Delivery Van 1200DR
Acc. Dep. Delivery Van 1200CR
Interest Expense 1875DR
Accrued Interest Expense 1875CR
Prepaid Insurance 800CR
Insurance Expense 800DR

yeah i got these but i didnt put delivery van expense, i just put repairs to delivery van

[Stormer]

Yeah, I don't see how they can mark you wrong since it wasn't specified that you had to put Delivery Van-Expense.

[LFTM]

Yeah, I don't see how they can mark you wrong since it wasn't specified that you had to put Delivery Van-Expense.

hopefully you are right.

[Akirus]

Yeah, I don't see how they can mark you wrong since it wasn't specified that you had to put Delivery Van-Expense.

Technically it doesn't matter whether you write repairs to delivery van or delivery van expense, but it should still have the 'expense' on it. You may be penalized, depending on their strictness on this point.

[Raahem]

NICE, this is the one question im certain i got correct now! one two woop woop

[mmmmm]

Stock Gain 700CR
Stock Control 700DR
Delivery Van Expense (Repairs to Delivery Van) 3000DR
Delivery Van 3000CR
Dep. Delivery Van 1200DR
Acc. Dep. Delivery Van 1200CR
Interest Expense 1875DR
Accrued Interest Expense 1875CR
Prepaid Insurance 800CR
Insurance Expense 800DR

yeah i got these but i didnt put delivery van expense, i just put repairs to delivery van

So, the interest expense is definitely 1875? it's not 2250?

[Stormer]

I believe so. It was for 5 months as it (loan) was taken out on the 31st