Open a new file and enter the following trial balance for
1 December 2016. (Accounting year 1.1.2016 – 31.12.2016):
Cash in bank – 6’200
Suppliers 3’850
Inventory 1 January 2016 6’500
Prepaid Rent (use transitory assets) 500
China & Cutlery 1’400
FFE (use the furniture account) 14’800
Amount due from customers 860
Capital invested 12’000
Calculate the profit brought forward ????
Sales from January-November 18’600
Wages 5’900
Purchases 6’700
Interest 1’000
Insurance (Other) 1’200
Electricity 790
Advertising 1’000
Check, if your trial balance is
balancing!
Record the following transactions:
4 December Sales brought to the bank 800
4 December Paid a supplier from bank account 500
6 December Paid wages from bank account 600
8 December Purchases on credit 1’200
9 December Sales brought to bank again 900
How much profit did you make until today? Answer: CHF 1’910
10 December Cash Sales for the week 1’400
11 December A client paid 300
13 December Food was purchased on credit 800
13 December New glasses were purchased in cash 250
15 December Christmas Deco 3260 purchased in cash 80
16 December Sales brought to bank 1’700
17 December Cash Sales for the week 2’400
19 December Wages paid 870
19 December Food purchases from 13.12. paid from bank account
20 December Food purchases paid by check 420
How much profit did you make until today? Answer: 5’240
