b.

(NOTE! continues from assignment a: https://www.chegg.com/homework-help/questions-and-answers/-johns-garden-1st-financial-year-john-opens-garden-shop-create-account-opening-record-foll-q98438502)

John's Garden 2nd financial year

 - Open an account and record the following transactions: 1 Cash sales of 1600  are recorded. 2 Payment will be made from the sales invoice to the  1600 checking account. 3 FlorAccess ltd's purchase invoice of  3360 is paid from a checking account. 4 Rent for a commercial apartment is paid  470 from the cash register. 5 Plants are purchased from from GardenShop ltd (5400 ) 6 Plants are sold and an invoice of  1,400 is sent to the customer. 7 John pays  500 for his home's household supplies from the company's checking account. 8 The money is taken from the cashier to the bank and left  250 as the base cashier. 9 The installment of the bank loan (700 ) and the interest ( 150) are paid from the checking account. Auxiliary decision exports are made: The private current account is closed in the equity account, recorded equipment removal  375. At the end of the financial year, garden goods worth 1,800  were in stock. An increase / decrease in inventory is recorded. - Prepare closing accounts for profit and loss account. - Prepare an income statement and balance sheet