(20 Marks) QUESTION 6 Trial balance was extracted from the books of Blessed Enterprises as at 31 December 2017 Debit Credit Land & buildings 867 200 Furniture 200 000 Motor-vehicle 560 000 Accumulated depreciation : Furniture 40 000 Motor-vehicles 260 000 Mortgage Bond 320 000 Debtors control 420 000 Creditors control 360 000 Stock 01/01/17 132 000 Bank overdraft 209 600 Petty cash 2000 Sales 1 334 000 Purchases 912 000 Carriage on purchases 6 000 Advertising 60 000 Bank charges 2 600 Salaries and wages 367 200 Interest paid 20 600 Rent paid 100 000 Stationery 8 400 Water and electricity 32 000 Insurance 16 000 Bad debts 5200 Discount received 4400 Rent received 23 200 Drawings 60 000 Capital 1 220 000 3 771 200 3 771 200 Additional Information a. Stock at the end of the year amounted to R130 000 b. Provide for depreciation as follows: Motor-vehicles - R60 000 m) Furniture - R20 000 C. An employee that is on leave had not been paid R7 200 d. Delivery fees of R1 000 on sales have not yet been paid Required: 6.1 Prepare the comprehensive income statement for the period ending 31 December 2017 (10 marks) 6.2 Prepare the statement of financial position as at 31 December 2017 (10 marks) END OF PAPER