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Midway Traders is owned by Mr K. Rabada. His accountant, Mr V. Philander, prepared the Statement of Comprehensive Income for the year ended 29 February
Midway Traders is owned by Mr K. Rabada. His accountant, Mr V. Philander, prepared the Statement of Comprehensive Income for the year ended 29 February 2020. However he unexpectedly fell ill and was unable to prepare the remaining financial statements. Mr K. Rabada requires your assistance in preparing the Statement of Financial Position. The net profit, pre-adjustment trial balance, adjustments and additional information from accountants records as at 29 February 2020 were retrieved and are presented below.
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