S W Rocks has listed his accounts (see figure 9.63). Write next to each account name the account/statement and group abbreviations. You are then required to:

• prepare an income statement, and

• prepare a balance sheet.

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Account Balances of S W Rocks as at 31 March 2022 Loan Mortgage on Premises Accounts Payable Control Accounts Receivable Control Bank Charges Bank Overdraft Capital Commission Received Drawings Electricity Freight Inwards GST Receivable GST Payable Interest on Loan Mortgage Interest on Overdraft Inventory [1 April 2021] Motor Vehicles Office Salaries Plant and Equipment Premises Purchases Sales Sales Salaries Stationery Telephone Inventory [31-3-2022] $14 676 30 000 14 982 25 443 631 8784 96 526 16 159 2 139 2363 995 4455 6721 3 900 2248 11 822 28 195 47 152 49 159 50 000 172 139 268 829 38 714 1921 725