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QUESTION FOUR [10] Thrilled Incorporated presented you with the following postadjustment trial balance for the year ended 31 March 2022: Description Debit Credit Ordinary shares
QUESTION FOUR [10] Thrilled Incorporated presented you with the following postadjustment trial balance for the year ended 31 March 2022: Description Debit Credit Ordinary shares 1 200,00 Preference shares 800,00 Retained earnings 6 070,00 Trade creditors 1 590,00 Plant and machinery 5 300,00 Motor vehicles 1 900,00 Office furniture 550,00 Trade debtors 640,00 Accumulated depreciation on plant and machinery 150,00 Accumulated depreciation on motor vehicles 70,00 Accumulated depreciation on ofce furniture 35,00 Cash and bank 3 100,00 Prepaid expenses 45,00 Sales 4 100,00 Cost of sales 1 500,00 Operating expenses 980,00 14 015,00 14 015,00 Required: Prepare the Statement of Financial Position for Thrilled Incorporated for the financial year ended 31 March 2022
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