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Dedit 15) 20,960 22,600 7,240 87,820 304 76,800 1,885 1,558 39,456 11.500 12,800 3,800 17,121 16,841 24 Inventory (1 July 2018) Rent Expense Accounts Payable
Dedit 15) 20,960 22,600 7,240 87,820 304 76,800 1,885 1,558 39,456 11.500 12,800 3,800 17,121 16,841 24 Inventory (1 July 2018) Rent Expense Accounts Payable LMyles, Capital (1 July 2018) Allowance for Doubtful Debts Purchases Interest Expense Depreciation Exp - Motor vehicle Prepaid Insurance Shop Shelving Accumulated Rep'n Shop Shelving Office Furniture and Fittings Accumulated Repin Office Furniture & Fittings Insurance Expense Cash at Bank Accounts Receivable Doubtful Debts Expense Accrued Rent Loan (repayable 1 Oct 2024) Motor Vehicle Depreciation Exp-off. Furn. & Fittings L. Myles, Drawings Sales Sales Returns & Allowances Depreciation Exp-Shop Shelvine Discount Allowed Advertising Expense Wages Office Operating Expense Discount Received Freight Inwards Expense Accumulated Repin Motor vehicle Delivery Expense Totals 18,400 16,000 1,280 14,400 258,821 380 2000 460 755 105,200 34,400 2 800 1,185 300 720 390,385 390,385 Additional information: Mr Myles confirmed that the Gross Profit for the year ended 30 June 2019 is $209,736, Selling Expenses are $63,335, Administration Expenses are $101,640 and the Finance Expenses are $7,449. The stocktake performed by Mr Myles on the 30 June 2019 revealed a stock balance of $49,900 REQUIRED: Prepare a fully classified Balance sheet and Statement of changes in Equity for the year ending 30 June 2019. Answer question 2 on below
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