CatnMouse is owned and operated by Auto Cat and Motor Mouse. The following adjusted trial balance has been prepared at years end. Please see next page for requirements for this question.

Question

a) Calculate the figure for Capital at 1/7/20 (the missing number showing as xxxx in the trial balance)

b) Prepare a fully classified Income Statement for the year ended 30^th June 2021.

c) Prepare a Statement of Changes in Equity for the period ending 30^th June 2021.

d)Prepare a fully classified Balance Sheet as at 30^th June 2021

Discount Allowed Doubtful Debt Expense- Motor Vehicle Insurance Expense Prepaid Insurance (5 Months) Unearned Income Telephone Expenses Deprec. Expense - Office Furniture Discount Received General Wages Expense Accum. Depreciation - Equipment Purchases Returns Accounts Receivable Freight-Out Expense Advertising Expense Capital (1 July 2020) Supplies Expense Supplies Telephone Payable Deprec. Expense - Motor Vehicle Drawings Sales Income Sales Staff Wages Expense Accum. Deprec. - Motor Vehicle Purchases Office Furniture Accounts Payable Interest Receivable Electricity Expense Allowance for Doubtful Debts Depreciation Expense - Equipment Loan Payable (10 Years) Cash Accum. Deprec. - Office Furniture Freight-In Expense Equipment Interest Payable Sales Returns Office Rent Expense Inventory (1/7/20 Prepaid Office Rent (18 Months) Debit($Credit ( Se 9 890 e le 10 300- 48 500 6 100 5 000 12 820 1 260 5 600 12 810- 12 24 8002 72 860 e 5 600 38 500 1 5002 6 3002 XXXX 1 320e 900 8102 6 2002 21 600 e 12 430 100 46 400 e 14 100 185 2002 le 92 000 e 21 600 40 1 3002 10 300 15 100 152 600 46 2002 12 15 400 2 3802 le 340 000 450 22 430 25 800 le 41 600 69502 Closing Inventory at 30/6/21 was 43 100