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Apple Inc. Year Ended 30 September 2021 Motor vehicle expenses 1,400 Closing inventories 4,500 Rent expenses 6,500 Delivery vans cost less depreciation 7,300 Annual
Apple Inc. | Year Ended 30 September 2021 |
Motor vehicle expenses | £1,400 |
Closing inventories | £4,500 |
Rent expenses | £6,500 |
Delivery vans – cost less depreciation | £7,300 |
Annual depreciation – delivery vans | £1,850 |
Heating costs | £960 |
Communication costs | £530 |
Sales revenue | £100,000 |
Goods purchased | £67,800 |
Insurance expenses | £780 |
Loan interest | £640 |
Bank balance | £4,800 |
Salaries and wages | £10,500 |
Opening inventories | £4,400 |
Prepare a profit and loss statement for the year ended 30 September 2021, and calculate the net profit.
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