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Question 3 Millsborough Limited list of balances year ended December 3 1 , 2 0 1 2 1 5 % Preference Share Capital Ordinary Share
Question
Millsborough Limited list of balances year ended December
Preference Share Capital
Ordinary Share Capital
General Reserves
Debentures
Retained Profits January
Sales
Cost of Sales
Debenture Interest paid for
Salaries
Insurance
Utilities
Office Supplies Expense
Rental Income
Depreciation
Telephone Expenses
Furniture
Allowance for depreciation on Furniture
Trade Debtors
Cash & Bank
Closing Stock
Trade Creditors
Preference Dividends Paid
Ordinary Dividends paid
Rent expense
$
Additional information
Rent expense owing as at December $
Rental income for received in amounted to $
Prepaid insurance during amounted to $
Provide for Corporation tax of $ for
Transfer $ to general reserve.
Weighted average number of ordinary shares in issue during amounted to
Semester
Required:
I Prepare the Statement of Comprehensive Income for the year ended December
marks
Prepare the Statement of Changes in Equity for the year ended December marks
I Prepare the Statement of Financial Position as at December marks
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