13:47 10 174 71% FAA 20-21 pdf Main booklet 9 X A PRACTICE QUESTION The following is the trial balance extracted from the books of Speedy at 31 December 20X9: f f 20,000 2,000 1,750 6,500 1500 4,300 8,000 86,046 122,450 Capital at 1 Jan 20x9 Bank loan Drawings Freehold premises Furniture and fittings Plant and machinery Inventory at 1 Jan Purchases Sales Trade receivables Trade payables Cash Bank charges Rent Wages and salaries Travelling expenses General expenses Gas, electricity and water Motor expenses Printing and stationery 19,410 10,056 870 120 2,000 13,234 1,040 2,056 2,560 5,480 640 154,506 154,506 The following information is relevant: (a) Inventory at 31 December 20x9 is 7,550. (b) Rent includes 250 for premises paid in advance to 31 March next year (c) The depreciation charge for the year is 200 for freehold premises, 50 for fixtures and fittings and 150 for plant and machinery. Prepare Statement of profit or loss for Speedy for the year ended 31 December 20X9. (You do not need to prepare any of the ledger accounts.) 109 Page 111/299