01:38 CEO Assignment One_9c47... Plagiariste strictly prohibited, and latest is NOT led Sen be trading the poet of the timing Islanceshestremited to the lege of Sportsche 11.30 Advertising Expenses Bank Charpe Ad Inlet (backed beak interest Cable Credo 23 57 I Electricity Carped And Filmes Fiting Ai Ces Accumulated Depreciation Facts & Fitingy 1, 2001 Office EMC Accumulated Depreciation Officer Postage AS Pud Hot Anda Retained in Alwy, 301 Sulares Al Wapes Sales Share Stock Allemary,201 5 Yan Bask Loan (te Of Permum 3. The folledicine.de 1 Stack of sport, 435.000 Rute w paid in December 2011 noe for dry March 2012 Achaeme 22.300 de det December 2001 1 An electricay bill of 10 fe ember and December 2001 yet med 2222 5 Thiprasurantara iury: ethum Depreciation of office Required: Prepare Profit and Lom Aro they ended Deerter 31, 30 n. Balance Sheets at the date. Gave come the formativa pre ention 20 Khemade Center Char han the follower there comer 20 v Assignment One_9c47b67ffb76dbc4b3d0ae08615bca79 X FDOM Topic 4_4b... XES Lecture note 2... XES Exercise 21 - 2... XES Exe O T closing The following additional information as at December 31, 2021 includes: 1. Stock of sport accessories at December 31, 2021 was valued at $435,000. 2. Rates was paid in December 2021 in advance for January to March 2022 - $9,800 3. A customer has failed to make payment of $23,300 for a long time. It deemed as bad debts as at December 31, 2021 4. An electricity bill of $8,400 for November and December 2021 was received. This bill has not yet been settled until February 2022 5. Depreciation of fixture & fittings: 20% per annum on straight line basis. Depreciation of office equipment: 10% per annum on straight line basis. 6 a Required: (a) Prepare a profitandioccount for the year ended December 202nd a Balance Sheet as at that date. (30 marks) (b) Give comments on the above information given (20 marks) Question 2 (30 marks) insmite Counte. Cu har the following transactions for the year ended December 31, 2021 Question 1 (50 marks) Susan has been trading fashionable sport accessories for some years. The following list of balances has been extracted from the ledger of Susan Sport Accessories Limited as at December 31, 2021. Advertising Expenses Bank Charges And Interest (included bank loan interest) Cash On Hand Creditors Debtors Electricity Charged And Paid Fixtures & Fittings At Cost Accumulated Depreciation Fixtures & Fitting At January 1, 2021 Office Equipment At Cost Accumulated Depreciation - Office Equipment At January 1, 2021 Postages And Stationery Purchases Rent, Rates And Insurance Retained Earings At January 1, 2021 Salaries And Wages Sales Share Capital Stock At January 1, 2021 5 Years Bank Loan (Interest Rate Of 15% Per Annum) (S) 246,500 36,500 1,550 288,200 121,600 57,000 108,000 32,400 85,000 12,750 12,800 1.684,500 69,600 12,800 375,600 2,000,000 400,000 47,500 100,000
