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please assist with income statetement Question 1 (50 Ronaldo owns Nikee Shop Cc located in Benoni. The shop is purely an outdoor shop specializing in
please assist with income statetement
Question 1 (50 Ronaldo owns Nikee Shop Cc located in Benoni. The shop is purely an outdoor shop specializing in all types of outdoor sporting requirements. The Financial Accountant, Mr Bob has taken some vacation leave due to his team, Liverpool, winning the FA Cup. Mr Bob has asked for your assistance to draw up the Income Statement & Balance Sheet for the year ended 28 February 2022 and has provided you with the following information to assist you and further informs you that there is zero Returns and zero Accumulated Depreciation. Owner Capital Land & Buildings No Furniture Fittings Delivery Vehicle N (dire Investment Shares JSE: Total sports Debtors rent Hiley. dy Curnent Bank Long Term Loan Creditors: Solly M Sports 963 000 332 590 190 000 190 000 143 000 Asp 109 431 Mon alment | Labilitios Credelmen label. Sales Cost of Sales Commissions Income: Garmin 56339 expense Expe ALK Rent Income Income Salaries expense Telephone exerse Electricity Expense Repair Expenses Insurance Expense R.... me Rates Expose General expenses Bad debts Expense Advertising: Sports Celebrities Delivery Expenses expose. 592 000 213 000 11 200 900 8 7 265 10 412 6 000 14 210 4 980 ex 19 200 exyse 2340 R... 641 728 739 000 340 000 1074 000 10 100 12 700 Step by Step Solution
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