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Q1 JJ Jackson Ltd Detailed below are details extracted from the accounting records of JJ Jackson Ltd on 31 December 20X1, being the company's year
Q1 JJ Jackson Ltd Detailed below are details extracted from the accounting records of JJ Jackson Ltd on 31 December 20X1, being the company's year end. Bank Shareholder's Funds (equity) Machinery and vehicles Cost of sales Insurance Office wages Inventory on 31/12/X1 Sales Trade payables Trade receivables Vehicle running expenses 4,650 216,000 125,100 348,000 12,200 19,000 30,000 435,000 134,050 238,200 7,900 Required: prepare the company's Statement of Profit or Loss for the year ended 31 December 20X 1 \& the Statement of Financial Position as at that date
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