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Question 2 Additional Information a) Interest revenue eamed but not yet collected $900. b) Rental revenue of $1520 for the month of January 2020 was
Question 2 Additional Information a) Interest revenue eamed but not yet collected $900. b) Rental revenue of $1520 for the month of January 2020 was paid on 28th December 2019. d) Advertising expenses outstanding at $700. e) Salary owing at 31 December 2019 is $2,600 f) Inventory at 31 December 2019$5600. Required: Prepare the Income statement for the year ended 31 December 2019 and statement of financial position as at that date
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