AQ AP AR AS AT Question 7: (from chapter 9) C. Manns drew up the following trial balance as at 30th September 2021. You are to draft the income statement for the year ending 30th September 2021 and a statement of financial position as at that date. Dr Cr 49,945 28,650 4,440 142 38,150 26,350 Capital Drawings Cash at bank Cash in hand Accounts receivable Accounts payable Inventory: 30th Sep 2020 Van Office Equipment Sales Purchases Returns inwards Carriage inwards Returns outwards 72,430 5,750 7.450 3.91,600 2,55,010 2,160 780 1.280 AQ AR AS 38,150 26,350 72.430 5.750 7.450 3,91,600 AP Accounts receivable Accounts payable Inventory: 30th Sep 2020 Van Office Equipment Sales Purchases Returns inwards Carriage inwards Returns outwards Carriage outwards Motor expenses Rent General Expenses Wages and salaries Insurance Office expenses Postage expenses 2,55,010 2,160 780 1,280 2,860 1,480 8,250 650 39,630 735 382 226 4.69.175 4.69.175 Inventory at 30 Sep. 2021 was 89,404