材料全屏The draft statement of fin

材料全屏 The draft statement of financial position shown below has been prepared for Shuswap, a limited liability company, as at 31 December 20X4： Accumulated Carrying Cost depreciation value $'000 $'000 $'000 Assets Non-current assets Land and buildings 9,000 1,000 8,000 Plant and equipment 21,000 9,000 12,000 30,000 10,000 20,000 Current assets Inventories 3,000 Receivables 2,600 Cash at bank 1,900 Total assets 27,500 Equity and liabilities Equity Issued share capital (ordinary shares of 50c each) 6,000 Retained earnings 12,400 Non-current liabilities Loan notes (redeemable 20Y0) 2,000 Current liabilities Trade payables 2,100 22,500 Suspense account 5,000 27,500 The following further information is available: 1 It has been decided to revalue the land and buildings to $12,000,000 at 31 December 20X4. 2 Trade receivables totalling $200,000 are to be written off. 3 During the year there was a contra settlement of $106,000 in which an amount due to a supplier was set off against the amount due from the same company for goods sold to it. No entry has yet been made to record the set-off. 4 Some inventory items included in the draft statement of financial position at cost $500,000 were sold after the reporting date for $400,000, with selling expenses of $40,000. 5 The suspense account is made up of two items： (a) The proceeds of issue of 4,000,000 50c shares at $1.10 per share, credited to the suspense account from the cash book. (b) The balance of the account is the proceeds of sale of some plant on 1 January 20X4 with a carrying amount at the date of sale of $700,000 and which had originally cost $1,400,000. No other accounting entries have yet been made for the disposal apart from the cash book entry for the receipt of the proceeds. Depreciation on plant has been charged at 25% (straight line basis) in preparing the draft statement of financial position without allowing for the sale. The depreciation for the year relating to the plant sold should be adjusted for in full. 57 【论述题】 Prepare the journal entries to clear the suspense account.