PTX Limited

Balance Sheet
As at 30 June 2009
Question One:
Prepare an appropriately classified balance sheet as at 30 June 2009 for PTX Limited
Share Capital 67358000
Cash 31691000
Accounts payable 52672000
Retain profits 39346000
Receivables ($1549000 due in more than 1 year) 49132000
Interst-bearing liabilities($8732000 due this year) 96185000
intangibles 49053000
Deffered tax liabilities 4962000
Inventories 55117000
provissions (31704000 due within 1 year) 35438000
Property, plant and equipment 90574000
Reserves 7320000
Other long-term Financial Assets 2416000
Deferred tax assets 16974000
Prepaid Insurance 8324000
(giai thich nghia cua nhung cai e boi do)

Assets Liabilities and Owner's Equi

Current Assets
Cash 31691000
Reiceivables 47583000
Inventories 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

Question 2: (Lam dum e cau a va c, giai thich dum e bang tieng Viet nghia cua 2 cau do, e doc chang
The following information is provide for Day Beauty Business,who has a financial year end of 31 March
a) Delivery VAN with an orginal purchase price price of $55,000 is depreciated using the straight line
b) A gas bill for the month of March of $450 has not been recorded and will not paid until April
Date Account Names
Gas Expense
Gas Payable
c) An eighteen (18) month insurance contract for $810 was paid for commenced on 1 July 2009. The o

d) Invoices representing $12,700 for services performed during the month of March have not been rec
Date Account Names
Account receivable
Service Revenue
30 June 2009 for PTX Limited

Liabilities and Owner's Equity

Current liabilities
Accounts payable ###
Interest-bearing liablilities 8732000
Provisions ###
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 + Liability
###

g Viet nghia cua 2 cau do, e doc chang hieu)

ho has a financial year end of 31 March. Fore each
detailed
of the items
above,detail
prepare
above
the yearend balance day adjustment i
is depreciated using the straight line method. The estimated residual value of the office furniture is $6,000 an
ded and will not paid until April
DR CR
450
450
d for commenced on 1 July 2009. The original transaction was recorded as a debit to Prepaod Issurance

the month of March have not been recorded at 31 March.

DR CR
12700
12700
ance day adjustment in the General Journal of Day Beauti Buseness at 31 March 2010. The General Journal entr
furniture is $6,000 and the estimated useful life I 7 years
aod Issurance
General Journal entries must include narrations, show all workings. GST entrie are not require