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Ian Wright buys, repairs and sells laptops, televisions and other electrical appliances under the business name Ian s Bargains which is not registered as a

Ian Wright buys, repairs and sells laptops, televisions and other electrical appliances under the business name Ians Bargains which is not registered as a VAT vendor. Ian uses the periodic inventory system to record trading activity.
The following information was provided for the year ended 28 February 2019:
Accounts/Transactions R
Inventory on hand at 1 March 2018
Purchases cash
Purchases credit
Returns from customers
Returns to suppliers
Transport costs on purchases
Transport costs on sales
Sales Cash
Sales - Credit 37500
200700
38650
732061809720
10140
383700155800
Additional Information:
1. Physical stock take determined that inventory at 31 March 2019 was valued at R41220.
2. Ian took a television set and a laptop computer from stock on 24 December 2019 valued at R5890. This transaction must still be recorded.
Required
3.1 Prepare the trading section of the statement of comprehensive income for the year
ended 28 February 2019.

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