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P Waged Sal Trade reivables Trade parables Provision had debt Bank venda Cash in hand Long term lo Capital 1 January 2016 3300 64385 6.000
P Waged Sal Trade reivables Trade parables Provision had debt Bank venda Cash in hand Long term lo Capital 1 January 2016 3300 64385 6.000 145.000 112350 24340 28.956 5.400 350,000 300444 LAMMS The following additional information as at 31 December 2016 is available lavatory as at December 2016 was valued at GH24.000 10) urance was paid for 15 months ending 31 March 2018 3 months rent is outstanding. The agreed amount per month is Gille 620 Included in wages and salaries is an amount of GM42.500 withdrawn by the owner. Secondly the cleaner has not been paid his salary for December 2016 as at the em of the year. His monthly salary is GH500 v)Interest on capital per anum is 15% and is yet to be recorded vi) Depreciation for the year ended 31 December 2016 has not been charge follows: Building 3% per anum using straight line method Office equipment 20% uning reducing balance method Plant and machinery 25% using reducing balance method. Required: a) Prepare Bob & Sons Statement of profit or loss account for the year ended 31 Dece 2016
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