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- QUESTION 2: Financial Statements (18 marks) Chrissie Booth owns a business called Oh-La-La that sells exclusive leather handbags. At year end Chrissie has prepared
- QUESTION 2: Financial Statements (18 marks) Chrissie Booth owns a business called Oh-La-La that sells exclusive leather handbags. At year end Chrissie has prepared the following partially completed Trial Balance. Chrissie knows it is not in the correct order and he has not yet included all the Balance Sheet accounts. There is however sufficient information to complete a fully classified Income Statement. Chrissie Booth Trading as Oh-La-LA TRIAL BALANCE AS AT 30 JUNE 2020 de 220,000 180,000 2 8,500/- 885,000 25,000 6,500 5,000 Computer Equipment Furniture and Fittings Interest Revenue Purchases Insurance Expense Allowance for Doubtful Debts Depreciation Expense - Computer Equipment Freight outwards expense- Discount allowed Interest Expense Office Supplies Expense- Loan (repayable 1 Nov 2024) Depreciation Expense - Furniture and Fittings Accountant Salary Shop Staff Salaries da 4,500 3,800 6,700 5,200 dhe 30,000 5,000 90,000 110,000 de
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