Information stated below is in respect of a business which commenced several years ago.

Office equipment and motor vehicles are depreciated at 20% and 25% per annum respectively, using the straight-line method. New vehicles were paid for on 1.1.2010.

Required:

Fill in the blanks with appropriate figures.

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(a) Rent (b) Fuel (c) Office equipment (d) Motor vehicles. (e) Salaries (f) Insurance (g) Telephone Statement of financial position - 31.12.2009 Asset Liability £400 £8,000 £5,500 £300 £160 - £300 During the year ended 31.12.2010 Payment £1,600 £855 £2,500 £6,200 Expense £1,600 £1,200 £420 Statement of financial position as at 31.12.20X7 Asset Liability £155 £100 - - - £400 £200