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.
ساعد في نشر والارتقاء بنا عبر مشاركة رأيك في الفيس بوك