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QUESTION 2 The following trial balance of Anderson Pryion has been prepared by his accountant. After the preparation of the trial balance, additional information has
QUESTION 2 The following trial balance of Anderson Pryion has been prepared by his accountant. After the preparation of the trial balance, additional information has been noted but adjustments have yet to be made. Trial halanre ae at 21 Derpmher 90%1 Additional information: a)Closinginventoryat31December2021b)c)$120,000AccruedwagesRatesprepaid$5,000$500 d) The allowance for doubtful debts to be increased to 10% of account receivable e) Telephone account outstanding $220 f) Depreciate shop fittings at 10% per annum, and van at 20% per annum, on cost REQUIRED: i) Prepare the Statement of Comprehensive Income for the year ending 31 December 2021 ii) Prepare the Statement of Financial Position as at 31 December 2021
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