From the following information, produce the income statement of Wesley Timpson for the year ended 30 November
Question:
From the following information, produce the income statement of Wesley Timpson for the year ended 30 November 2009.
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Bank interest received Carriage inwards 140 6,200 Carriage outwards 900 Closing inventory, 30 November 2009 16,822 Customer returns 2,350 Depreciation on office furniture for the year 2,500 Depreciation on computers for the year Depreciation on motor cars for the year 900 4,500 Discount allowed 533 Discount received 640 Light and heat 5,230 Opening inventory, 1 December 2008 15,684 Postage and stationery 2,710 Purchase returns 2,910 Purchases 124,100 Revenue 245,610 Sundry office expenses 3,571 Telephone Wages and salaries 1,499 47,231
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