The following data relate to the year end balances for the business of J Holloway From this data construct the income statement for the year ended 31 December 2015 Sales Purchases Opening inventory Closing inventory Carriage inwards Rent Insurance Wages and salaries Heating and lighting 100,000 68,...

J Holloway Income statement for the year ended 31 December 2015 1000 ...

The following data relate to the year-end balances for the business of J Holloway. From this data

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The following data relate to the year-end balances for the business of J Holloway. From this data construct the income statement for the year ended 31 December 2015. image text in transcribed

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The following data relate to the year-end balances for the business of J Holloway. From this data

Question:

Sales Purchases Opening inventory Closing inventory Carriage inwards Rent Insurance Wages and salaries Heating and lighting 100,000 68,000 5,400 7,250 460 7,000 2,100 18,500 870

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