QUESTION 6 Trial balance was extracted from the books of Blessed Enterprises as at 31 December 2017 Debit Credit 867 200 200 000 560 000 Land & buildings Furniture Motor-vehicle Accumulated depreciation : Furniture Mortgage Bond Debtors control Creditors control Stock 01/01/17 Bank overdraft Petty cash Sales Purchases (CS+ of sales) Carriage on purchases Advertising Bank charges Salaries and wages Interest paid Rent paid Stationery Water and electricity Insurance Bad debts Discount received Rent received Drawings Capital Motor-vehicles Additional Information a. Stock at the end of the year amounted to R130 000 b. Provide for depreciation as follows: (i) Motor-vehicles - R60 000 (ii) Furniture - R20 000 c. An employee that is on leave had not been paid R7 200 d. Delivery fees of R1 000 on sales have not yet been paid Required: 6.1 420 000 132 000 2 000 912 000 6 000 60 000 2 600 367 200 20 600 100 000 8 400 32 000 16 000 40 000 260 000 320 000 5 200 360 000 209 600 ber 2017 1 334 000 60 000 3 771 200 4 400 23 200 (20 Marks) 1 220 000 3 771 200 Prepare the comprehensive income statement for the period ending 31 December 2017 (10 marks) (10 marks)

Additional Information a. Stock at the end of the year amounted to R 130000 b. Provide for depreciation as follows: (i) Motor-vehicles - R60 000 (i) Furniture - R20 000 c. An employee that is on leave had not been paid R7 200 d. Delivery fees of R1000 on sales have not yet been paid