Question 1
Task 1
| YES | NO | Dr/Cr balance |
Bank balances | | ü | Dr |
Trade payables | | ü | Cr |
Income tax | ü | | Dr |
Discount received | ü | | Cr |
Task 2
Dr Allowance for receivables $12,800
Cr Receivables $12,800
Task 3
$486,000 cost of sales for the year
Task 4
Dr Adminstration costs $15,000
Cr Accrued energy cost $15,000