The following is the trial balance of A. Evans as at 30 June 20X9:

Additional information
1. The inventory at 30 June 20X9 has been valued at £4,920.
2. The bank loan is repayable on 1 June 20Y1.

Required
Prepare a statement of profit or loss for the year ended 30 June 20X9 and a statement of financial position as at that date (publishable format).

Transcribed Image Text:

Capital Drawings Loan-Solihull Bank Leasehold premises Motor vehicles Investments Trade receivables Trade payables Cash Bank overdraft Sales revenue Purchases Returns outwards Returns inwards Carriage outwards Inventory Rent and rates Light and heat Telephone and postage Printing and stationery Bank interest Interest received Debit £ 14,760 52,500 13,650 4,980 2,630 460 49,870 840 390 5,610 1,420 710 540 230 140 148,730 Credit £ 39,980 20,000 1,910 3,620 81,640 960 620 148,730