cord Question 2 Dr C E Equipment rental 940 Insurance 1,804 Lighting and heating expenses 1,990 Motor expenses 2,350 Salaries and wages 48,580 Sales 382,420 Purchases 245,950 Sundry expenses 624 Lorry 19,400 Creditors 23,408 Debtors 44,516 Fixtures 4,600 Shop 174,000 Cash at bank 11,346 Drawings 44,000 Capital 194,272 600, 100 600,100 Stock at 30 June 20x8 was 29,304. If salaries of 1,200 are unpaid and there is a prepaid insurance of 300, prepare an income statement and balance from the above given details. Answers: Gross Profit RM165,774 Net Profit RM 108.586 Balance Sheet Total RM 283,466