Q1) Following trial balance was extracted from the books of Army who ran a textile business, at the close of business on 30th Sept 2021 or E 400 73 500 1,800 7,000 500 800 2,300 Dr E Electricity 3,200 Bank Capital Cash 100 Accumulated Depreciation at 1 Oct 2020 Fumitune Vehicle Discounts 400 Drawing 10,000 Advertising 3,000 Furniture 12.000 Carriage Outward 900 Carriase Inward 600 General expenses 27,400 interest on investments received Machinery 5.000 Provision for bad and doubtful debts (at 1 Oct 2020). Purchases 645,000 Pates 6,000 Sales Returns 4.000 Stock at 1 Oct 2020) 47.000 1,300 Telephone Trade creditors 42,000 Trade debtor 35.000 |717.000 Wages and series 920900 Adjustments show calculations): Stock at 30 September 2021. 50,000 The provision for bad and doubtful debts is to be made equal to 6% of the Trade Debtors as at 30 September 2021 Furniture is to be depreciated at a rate of 15% dr straight-line method Vehicle is to be depreciated at a rate of 20% on a reducing balence basis At 30 Sept 2021. amount owed/accrued for Electricity 3 E300 At 30 Sept 2021, Rates paid in advance is 1,000 Required: 1.) Prepare Amy's Statement of Profit and Loss Account for the year to 30 September 202: 820,000 2000 15 000 920.900 19 marks