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Question 2 (20 Marks) Required: Prepare the Statement of Comprehensive Income as at: 28 February 2021 Embassy Traders Pre-adjustment Trial Balance as at: 28 February

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Question 2 (20 Marks) Required: Prepare the Statement of Comprehensive Income as at: 28 February 2021 Embassy Traders Pre-adjustment Trial Balance as at: 28 February 2021 Debit Credit Balance Sheet Accounts Section Capital 1 651 100 Drawings 132 900 Land and buildings 1 254 800 Vehicles at cost 925 000 Equipment 662 000 Accumulated depreciation on vehicles 528 000 Accumulated depreciation on equipment 369 000 Fixed deposit Bob-bank (9% p.a.) 200 000 Trading inventory 152 000 174 800 Debtors control 10 000 Provision for bad debts 127 800 Bank 184 800 Creditors control

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