Income Statement and Balance Sheet
Hello everyone, Could you please help me to record them in income statement and balance sheet? Trial Balance 10% Debentures Year 99 (issued on 1 January Year95) $200,000 Debenture interest paid $10,000 Suspense $4000 Plant and machinery at costs $200,000 Additional Info The amount in the Suspense Account relates to the proceeds of sale of old plant and machinery on 1 January Year 97. This plant and machinery cost $10,000 and had a book value of $2,000. Thank for your help. |
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