1. The completion of the relevant ledger accounts for Gateway Ltd is as follows:
<h3>Cash Account</h3>
Date Account Titles Debit Credit
January 1: Common Stock $10,000
January 2: Inventory $4,000
January 3: Delivery Van $2,000
January 5: Sales Revenue $1,500
January 7: Accounts Payable $800
January 8: Rent Expense $200
Balance $4,500
<h3>Accounts Receivable</h3>
Date Account Titles Debit Credit
January 6 Sales Revenue $5,000
<h3>Inventory</h3>
Date Account Titles Debit Credit
January 2 Cash $4,000
January 4 Accounts Payable 1,000
January 6 Cost of goods sold $5,000
<h3>Delivery Van</h3>
Date Account Titles Debit Credit
January 3 Cash $2,000
<h3>Accounts Payable</h3>
Date Account Titles Debit Credit
January 4 Inventory $1,000
January 7 Cash $800
Balance $200
<h3>Common Stock</h3>
Date Account Titles Debit Credit
January 1 Cash $10,000
<h3>Sales Revenue</h3>
Date Account Titles Debit Credit
January 5 Cash $1,000
January 6 Accounts Receivable 5,000
Balance $6,000
<h3>Cost of goods sold</h3>
Date Account Titles Debit Credit
January 6 Inventory $5,000
<h3>Rent Expense</h3>
Date Account Titles Debit Credit
January 8 Cash $200
2. The extraction of a trial balance for Gateway Ltd is as follows:
<h3>Trial Balance</h3>
As of January 9
Account Titles Debit Credit
Cash $4,500
Accounts Receivable 5,000
Delivery Van 2,000
Accounts Payable $200
Common Stock 10,000
Sales Revenue 6,500
Cost of goods sold 5,000
Rent Expense 200
Totals $16,700 $16,700
<h3>Data Analysis:</h3>
January 1: Cash $10,000 Common Stock $10,000
January 2: Inventory $4,000 Cash $4,000
January 3: Delivery Van $2,000 Cash $2,000
January 4: Inventory $1,000 Accounts Payable $1,000
January 5: Cash $1,500 Sales Revenue $1,500
January 6: Accounts Receivable $5,000 Sales Revenue $5,000
January 7: Accounts Payable $800 Cash $800
January 8: Rent Expense $200 Cash $200
Learn more about extracting a trial balance at brainly.com/question/14604253
