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Cu 2: (2 im) The adjusted trial balance Sanchez company is as follows: Account(s) Dr (USD) Cr (USD) Equipment rental expense 940 Insurance expense 1,804

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Cu 2: (2 im) The adjusted trial balance Sanchez company is as follows: Account(s) Dr (USD) Cr (USD) Equipment rental expense 940 Insurance expense 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 Motor vehicle 19,400 Creditors 23,408 Debtors 44,516 Furniture and fittings 4,600 Buildings 174,000 Cash at bank 11,346 Drawings 44,000 Capital 194,272 600,100 600,100 Additional information: Ending inventory as at 30 June 2020 is $29,304 Required: Prepare the Statement of Profit and Loss for the year ended 30 June 2020 and Statement of Financial Position as at 30 June 2020 of Sanchez company. Show all calculations

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