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Please assists Income statement Dr Cr 151,350 4,500 4,950 40,500 5,400 18,000 61,500 17,400 18,600 1,110 11,700 Details/Accounts Capital Acc. Prov. for Depreciation: Fixtures and
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Income statement
Dr Cr 151,350 4,500 4,950 40,500 5,400 18,000 61,500 17,400 18,600 1,110 11,700 Details/Accounts Capital Acc. Prov. for Depreciation: Fixtures and Fittings Jan. 2017 Acc. Prov. for Depreciation: Motor Vehicle Jan. 2017 Creditors Commission Received Rent Received Sales Purchases Office Expenses Miscellaneous Expenses Salary and Wages Carriage inwards Telephone Expense Rent expense Electricity Expense Discounts allowed Return Inwards Stock, January 1, 2017 Debtors Cash at Bank Drawings Land Fixtures and Fittings Motor Vehicle 150 360 3,150 1,710 240 600 5,400 58,500 35,100 13,380 58,800 25,500 34,500 286,200 286,200 The following additional information has been made available: i.Electricity expense accrued $9,700. ii.$2,150 for Rent Received relates to 2018. iii. Office expenses prepaid $1,700. iv.Depreciation is to be provided for as follows: Motor Vehicle at 25% of cost; Fixtures and Fittings at 30% reducing balance method. v.Stock at December 31, 2017 was valued at $15,200. Required: a. Prepare the Income Statement for R. White for the year ending December 31, 2017
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