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PTX Limited

Balance Sheet

As at 30 June 2009

Question One:

Prepare an appropriately classified balance sheet as at 30 June

Share Capital 67358000

Cash 31691000Accounts payable 52672000

Retain profits 39346000

Receivables ($1549000 due in more than 1 49132000

Interst-bearing liabilities($8732000 due this 96185000

intangibles 49053000

Deffered tax liabilities 4962000

Inventories 55117000

provissions (31704000 due within 1 year) 35438000

Property, plant and equipment 90574000

Reserves 7320000Other long-term Financial Assets 2416000

Deferred tax assets 16974000

Prepaid Insurance 8324000

(giai thich nghia cua nhung cai e boi do)

Assets Li

Current Assets

Cash 31691000

Reiceivables 47583000Inventories 55117000

Prepaid Insurance 8324000

Total C/A 142715000

Non Current Assets

Reiceivables 1549000

Intangibles 49053000

Property, plant and equipment 90574000

Deferred tax assets 16974000

Other long-term Financial Assets 2416000

Total Non C/A 160566000

Total Asset 303281000

The following information is provide for Day Beauty Business,who has a f

a) Delivery VAN with an orginal purchase price price of $55,000 is depre

Question 2: (Lam dum e cau a va c, giai thich dum e bang tieng Viet nghi

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b) A gas bill for the month of March of $450 has not been recorded and

Date Account Names

Gas Expense

Gas Payable

c) An eighteen (18) month insurance contract for $810 was paid for com

d) Invoices representing $12,700 for services performed during the montDate Account Names

Account receivable

Service Revenue

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009 for PTX Limited

abilities and Owner's Equity

Current liabilities

Accounts payable ###

Interest-bearing liablilities 8732000Provisions ###

Total C.L ###

Non C/L

Interest-bearing liablilities ###

Deferred tax liabilities 4962000

Provisions 3734000

Total Non C.L ###

Total Liabilities ###

Owner's equity

Retain profits ###

Reserves 7320000

Share Capital ###

Total Owner's equity ###

Total Owner's equity + Li ###

inancial year end of 31 March. Fore ea detailed above, prepare the yearend balance day

iated using the straight line method. The estimated residual value of the office furniture i

ia cua 2 cau do, e doc chang hieu)

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ill not paid until April

DR CR

450

450

enced on 1 July 2009. The original transaction was recorded as a debit to Prepaod Issura

h of March have not been recorded at 31 March.DR CR

12700

12700

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adjustment in the General Journal of Day Beauti Buseness at 31 March 2010. The General J

is $6,000 and the estimated useful life I 7 years

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nce

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ournal entries must include narrations, show all workings. GST entrie are not require

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