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Question 9 A-plus Company Statement of Comprehensive Income For the Year Ended 30 June 2021 $ $ Revenue received $115,000 Less: Salaries paid $50.000 Rent
Question 9 A-plus Company Statement of Comprehensive Income For the Year Ended 30 June 2021 $ $ Revenue received $115,000 Less: Salaries paid $50.000 Rent paid 30,000 Supplies paid 15,000 Other cash payments 5,000 (100,000) $15,000 Net profit Other comprehensive income Total comprehensive income $15,000 A-plus Company Statement of Financial Position As of 30 June 2021 Assets Cash Machines at costs Total assets $ 102,500 120,000 222,500 Liability Bank loan (5-year 8% p.a.) $ 100,000 Equity Share capital Retained earnings Total liability and equity $ 100,000 22,500 122,500 After reviewing the financial statements, Alfred suspected that the financial statements were not prepared using the accrual basis of accounting. Give reasons for his suspicion
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