Financial Accounting


Tara Pickettis an environmental consultant based in Newcastle. She has just appointed your firm to provide her accounting services and you have been presented with the following transactions: 1. Charged SVC Ltd for services £10,000 2. Received £50 cash for advice to a local business 3. Charged Waste Management Inc. for environmental study £20,000 4. Paid wages £500 and rent £500 5. Received £10,000 for SVC Ltd. You are required to prepare: a) T- accounts for the transactions (Marks: 8) b) Calculate the balance in each T-account (Marks: 7) c) Trial-balance for her business (Marks: 10)