| e H5 Ra to Financial .ing Questions- January 2014.pdfx+ Section A-(40 marks) This question is COMPULSORY Question 1 Answer ALL parts of this question. Printmark is a printing business set up two years ago by Mike and Jean Porter (as a partnership), when Mike was made redundant from his job as manager of a print shop. Mike does the printing and delivery work, whilst Jean, a former marketing manager, deals with advertising and administration. A list of closing balances as at 31st March 2011, the last day of Printmark's first accounting period, is provided below for you: Van at cost 30,900 12,360 35,000 24,000 4,000 9,800 6,000 3,000 Van: accumulated depreciation Bank loan repayable 2016 Printing equipment: cost Printing equipment: accumulated depreciation Inventory Trade receivables Trade payables Allowance for trade receivables Original Capital 180 15,000 1,000 29,280 Accrued expenses Cash 1,200 Prepaid rent Retained nenfit | e H5 Ra to Financial .ing Questions- January 2014.pdfx+ Section A-(40 marks) This question is COMPULSORY Question 1 Answer ALL parts of this question. Printmark is a printing business set up two years ago by Mike and Jean Porter (as a partnership), when Mike was made redundant from his job as manager of a print shop. Mike does the printing and delivery work, whilst Jean, a former marketing manager, deals with advertising and administration. A list of closing balances as at 31st March 2011, the last day of Printmark's first accounting period, is provided below for you: Van at cost 30,900 12,360 35,000 24,000 4,000 9,800 6,000 3,000 Van: accumulated depreciation Bank loan repayable 2016 Printing equipment: cost Printing equipment: accumulated depreciation Inventory Trade receivables Trade payables Allowance for trade receivables Original Capital 180 15,000 1,000 29,280 Accrued expenses Cash 1,200 Prepaid rent Retained nenfit