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May I have the answer for this Prepare Miriam's incom Luc owns a wholesale furniture store. His financial year ends on so June. He provided

May I have the answer for this

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Prepare Miriam's incom Luc owns a wholesale furniture store. His financial year ends on so June. He provided th following trial balance on 30 June 20-1: S 112 650 Revenue 86 270 Purchases 410 Purchases returns Inventory 1 Jul 20-0 7010 Premises 80 000 Fixtures and fittings 19700 7 136 Trade payables Trade receivables 9175 Bank 867 Rent receivable 840 Discount received 170 Insurance 728 Rates 500 Wages 25 600 Office expenses 256 Capital 101000 Drawings 2000 3% 10 year loan from AB Finance 10 000 232 206 232 206 Additional information: 1 At 30 June 20-1: Inventory was valued at $6840 Rent receivable prepaid amounted to $60 Insurance prepaid amounted to $104 Rates accrued amounted to $120 A whole year's interest on the loan is outstanding. 2 During the year ended 30 June 20-1 Luc took goods, $930, for his own use. This was not entered in the accounting records. Prepare an income statement for the year ended 30 June 20-1 and a statement of financial position on 30 June 20-1

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