From the account balances of K Yogle (shown in figure 9.64), write next to each account name the account/statement and group abbreviations. Then K Yogle asks that you:

• prepare an income statement, and

• prepare a balance sheet.

Transcribed Image Text:

Account Balances of K Yogle as at 30 June 2022 Bank Accounts Receivable Control Inventory GST Receivable Freehold Land Buildings Plant and Machinery Motor Vehicles Accounts Payable Control GST Payable Loan Mortgage on Freehold Land Capital Drawings Sales Rent Received Discount Received Cost of Sales Advertising Salaries - Sales Salaries - Office Insurance Telephone Electricity Vehicle Expenses Rates Bad Debts Expense Discount Allowed Interest on Loan Mortgage 37 428 14 069 6 507 1 375 75 000 16 200 35 683 24 034 4730 3 135 50 000 119 752 2 187 125 439 3600 387 48 427 769 14 676 15 804 822 652 1822 2719 893 261 215 7 500