Solution manual for frank wood s business accounting 14th edition by alan sangster lewis gordon(2025).

, j j j j j j j j j
j

Answers

Note: j To jsave jtime jand jspace, jthe jmonths jare jomitted jin jthe jLedger jaccounts jwhich jfollow. jThe jday
jof jthe jmonth jis jshown jin jbrackets.



j Answer jto jQuestion j1.2A BA j1 j

(a) j 49,000 (b) j 75,100 (c) j 65,800
(d) j 48,100 (e) j 81,300 (f) j 85,900


j Answer jto jQuestion j1.4A BA j1 j

(a) Asset (f) j Asset
(b) Asset (g) j Liability
(c) Liability (h) j Liability
(d) Asset (i) j Asset
(e) Asset


j Answer jto jQuestion j1.6A BA j1 j

Assets jList jWrong: jAccounts jpayable, jCapital.
jLiabilities j List j Wrong: j Equipment, j Computers.



j Answer jto jQuestion j1.8A BA j1 j

Fixtures j3,200 j jVan j4,750 j jInventory j2,340 j jBank j520 j jCash j100 j jTotal jAssets
j10,910. j Loan j 5,000 j  j Accounts j payable j 1,910 j  j Capital j (difference) j 4,000.



j Answer jto jQuestion j1.10A BA j1 j

G jCook
Balance jsheet jas jat j30 jJune j2019
Non-current j assets
Equipment 9,720
Current j assets
6,430
9,280
j j 410
16,120
Less j Current j liabilities
(8,380)
j 17,460

j 17,460

, j j j j j j j j j
j

j j j j
j
Assets Liabilities Capital
(a) Van Accounts jpayable
(b) Cash Loan jfrom jF jDuff
(c) Inventory
Bank
(d) Cash Capital
(e) Inventory
Accounts jreceivable
(f) Inventory Accounts jpayable
(g) Cash Capital
(h) Bank Accounts jpayable


j Answer jto jQuestion j1.14A BA j1 j

J j Hill
Balance j Sheet j as j at j7 j December j 2019
Non-current j assets
Equipment 6,310
Motor j Vehicle j7,300
13,610
Current j assets
8,480
3,320
9,510
j j 485
j21,795
j35,40
5
Current j liabilities


j 1,760
j 33,645

j 33,645
j j j j j

Debited Credited Credited

, j j j j j j j j j
j

j j j j
j
Bank Cash
16,000 (2) 6,400 (12) 180 (15) Office jfixtures j
j 120
400 (12) j Carton jCars j180
(19) 7,100 (21) 500 (25) Bank 400
(30) j Office jfixtures j j 480 Vans
(2) Bank 6,400
Office jFixtures (8) Carton j Cars j j 7,100
(5) Old j Ltd 900
(15) 120
(30) 480 (5) Office jfixtures j j 900

Capital Carton
jCars
(1) Bank 16,000 (19) j Bank 7,100 (8) Van 7,100

Loan jfrom jBerry
(21) j Cash 500


j Answer jto jQuestion j2.15A BA j1 j

Bank Cash
(1) Capital 18,000 (8) Cash 400 (1) Capital 1,500 (3) Computer 1,200
(2) Loan j Fox 4,000 (15) j Loan jFox 1,000 (8) Bank 400 (24) j Loan jFox 500
(17) j Drop 840

Computer
Loan: jT j Fox (3) Cash 1,200
(15) j Bank 1,000 (2) Bank 4,000
(24) j Cash 500

Drop j Ltd
(17) j Bank 840 (5) Display jstands j 840
Display j Stands
(5) Drop 840
P jBlake
(31) j Printer 400
Capital Printer
(1) Cash 1,500 (31) j P jBlake 400
(1) Bank 18,000


j Answer jto jQuestion j3.2A BA j1 j

Debited Credited Debited Credited
(a) j Purchases B jCowan (b) Returns j in L jKeith
(c) j C jRiddle Filing jcabs (d) Purchases Cash
(e) j Lorry M j Davis j Ltd (f) J jHicks Returns jOut
(g) j Bank M jPeters (h) Purchases Bank
(i) j F jToms Bank (j) S jMulligan Sales