ACTION B (50 marka). Answer all questions QUESTION 1 Ms Julie is a sole trader and you are given the following relating to her busines Trial balance as at 30 September 2011 Inventory as at 1 October 2020 Wages and salaries 6 Sales 19,134 Carriage inwards 106,483 Rent 2,229 Gas 18,465 Purchases 20,005 226,855 74,400 Accounts receivable Accounts payable Machinery: Cost Computers: Cost 232,140 97,080 77,580 54,600 Machinery: Accumulated depreciation at 1 October 2020 Computers: Accumulated depreciation at 1 October 2020 Drawings 34,102 1,807 Bank Bad debt expense 13,408 2,276 Allowance for doubtful debts at 1 October 2020 Capital 191,319 844.301 844.301 following additional information is available: The inventory was counted at 30 September 2021 and was valued at GHC19,491 Depreciation is to be appliedat the following rates: a. Machinery: (reducing balance) 15% b. Computers: (straight-line) 25% The amount shown for rent on the trial balance includes a payment of GHC10,500 which represents twelve months' rent to 31 May 2022 Gas charges incurred for which no invoices have yet been received amount to a total GHC4,786 The allowance for doubtful debts is to be set at 4 per cent of accounts receivable are required to prepare the income statement for the year ended 30 Septem and a balance sheet (statement of financial position) as at that date. 462,970 53,749