From the trial balance of L More (shown in figure 9.52) write next to each account name the account/statement and group abbreviations. Then, using this information, you are required to prepare:

• an income statement

• a balance sheet

• a trial balance as at the commencement of the next accounting period.

Transcribed Image Text:

Trial Balance of L More as at 30 June 2022 Bank Accounts Receivable Control Inventory [1-7-2021) GST Receivable Premises Motor Vehicles Accounts Payable Control GST Payable Capital Sales Discount Received Bad Debts Recovered Purchases Advertising Freight and Cartage Outwards Light and Power Insurance Vehicle Expenses Telephone Rates Wages Donations Bank Charges Discount Allowed Interest Bad Debts Expense Inventory (30-6-2022] $2290 1960 9 108 2 523 385 25 000 5 000 12 889 104 52 238 195 817 418 261 28 863 107 82 16 398 227 88 643 2 134 1 199 36 559 48 195 56 500 88 643