2. Sheela's depreciation policy is: Plant & equipment: at 15% straight line, no residual value. Charge all depreciation to expenses, not cost of sales 3. Closing inventory is 26,100. 4. Sheela received an invoice in July 2019 for repairs to an office window. The window was broken and repaired in June 2019. The repair cost 230. 5. In May 2019, Sheela received 400 from Harry Ltd. This receivable was so overdue that Sheela had assumed it had gone bad and had already written it off. She posted the receipt to cash but was unsure how to treat the other side of the entry so posted it to a suspense account. 6. On reviewing the aged debt listing, Sheela sees there are two amounts over 90 days old and thinks these amounts should be provided for. The total of these two receivables is 780. Requirements Taking into account all the information provided: 1. Prepare a Profit or loss account for the year ended 30 June 2019 (17 marks) 2. Prepare a Statement of financial position as at 30 June 2019 (18 marks) Fill in your answer here Normal - BI U X, X IX @ + 5 = :: 2 x 2. Sheela's depreciation policy is: Plant & equipment: at 15% straight line, no residual value. Charge all depreciation to expenses, not cost of sales 3. Closing inventory is 26,100. 4. Sheela received an invoice in July 2019 for repairs to an office window. The window was broken and repaired in June 2019. The repair cost 230. 5. In May 2019, Sheela received 400 from Harry Ltd. This receivable was so overdue that Sheela had assumed it had gone bad and had already written it off. She posted the receipt to cash but was unsure how to treat the other side of the entry so posted it to a suspense account. 6. On reviewing the aged debt listing, Sheela sees there are two amounts over 90 days old and thinks these amounts should be provided for. The total of these two receivables is 780. Requirements Taking into account all the information provided: 1. Prepare a Profit or loss account for the year ended 30 June 2019 (17 marks) 2. Prepare a Statement of financial position as at 30 June 2019 (18 marks) Fill in your answer here Normal - BI U X, X IX @ + 5 = :: 2 x