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6.29 ** LO4, 8 A list of account balances for Mr Zheng's business (Futronics) at the end of the 30 June 2017 reporting period is

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6.29 ** LO4, 8 A list of account balances for Mr Zheng's business (Futronics) at the end of the 30 June 2017 reporting period is shown below. Prepare the statement of profit or loss for the reporting period, and the equity balance at the end of the year. $'000 Cash 26 000 Receivables Office supplies 14 000 1200 Prepaid insurance Plant and equipment Accumulated depreciation Accounts payable Salaries payable 650 125 000 plant and equipment 29 300 20 600 6 000 (continued) $'000 12 000 Rent received in advance Share capital Retained earnings 75 000 16 000 Service revenue 178 000 14 000 Rent revenue 17 500 Supplies expense Rent expense 29 500 Insurance expense 2100 Depreciation expense Salaries expense 20 650 114 300

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