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1. Your good friend Martin Walker Lweendo, who is a sole trader, extracted the following Trial Balance (TB) from his books at the close of
1. Your good friend Martin Walker Lweendo, who is a sole trader, extracted the following Trial Balance (TB) from his books at the close of business on September 30, 2022. Notes a) Stock at September 30, 2022 K4,290 b) Wages and salaries accrued at September 30, 2022 K210 c) Office expenses owing K20 d) Rent prepaid at September 30, 2022 K180 e) Increase the provision for bad and doubtful debts by K150 to K810 f) Provide for depreciation as follows: Fixtures and fittings K120; Delivery van K300 Required a) Draw up the Statement of Profit or Loss and Other Comprehensive Income for the year ended September 30, 2022 together with the Statement of Financial Position as at September 30, 2022 (10+6)16 marks
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