6:47 Yazan phase 3, Syllabus, worksheets Question 5 The trial balance of Tillytallis Ltd at 30 June 2004 is as follows: 60.000 Freehold premises at cost 1.000.000 Provision for depreciation of freehold premises Delivery vehicles at cos! 80.000 Provision for depreciation of delivery vehicles Office machinery at cost 70.000 Provision for depreciation office machinery Trade debtors 82.000 28.000 21.000 33.000 67.000 Balance bank 12% debentures 2001/2008 800,000 ordinary shares of 51 100.000 8% preference shares of $1 100 000 800.000 50 000 7.000 Profit and Loss account at 30 June 2003 Stock at 30 June 2003 48000 Sales staff salaries Administration wages Delivery vehicle expenses Advertising Debanture interest paid Interim dividends paid: preference 3.000 2.199000 2 199 000 Further information Stock at 30 June 2004 was valued at $38,000. 2. Account is to be taken of the following at 30 June 2004. Accrued expenses: delivery vehicle expenses $2,000 office expenses $3,000 Prepaid expense: advertising $6,000 3. Freehold premises were revalued to $1,200,000 at 30 June 2004 4 Depreciation is to be provided as follows for the year ended 30 June 2004. Delivery vehicles: 25% on the reducing balance Office machinery: 10% on cost s. Debenture interest is payable half-yearly on 1 July and 1 January Taxation is to be provided for in the sum of $16,000. 7. $50,000 is to be transferred to the General Reserve The directors have recommended a final dividend of 3% on the ordinary shares. Required a Prepare Tillytallis Ltd's Profit and Loss Account for the year ended 30 June 2004. Prepare the Chan ne 2004