Required : Prepare Statement of profit and loss and other comprehensive income for the year ended 31 December 2019.

neVIE lew help Design Layout Tell me what you want to do it is inactive, To use for free, sign in and use the Web version. Activate Use free at Office.com The following balances were taken from the books of Malindisa Traders on the 31 December 2019 Equipment 182 000 Accumulated depreciation on equipment 75 500 Vehicles 220 000 Accumulated depreciation on vehicles 60 800 Sales 450 000 Trading inventory 84 000 Debtors /Trade receivables 78 850 Capital 300 000 Provision for bad debts /Allowances for credit losses 1 800 Land and buildings 160 000 Accrued income /Income receivable 2 750 Income received in advance 1 650 Prepaid expenses 7 500 Cost of sales 210 000 Insurance 4 600 Advertising 800 Rent paid 3 300 Bad debts /Credit losses 2 1000 Stationery 850 Wages 47 000 Bank (cr) 42 150 Provision for bad debts adjustment Allowances for credit 300 losses adjustment (Cr) Depreciation 22 800 Interest income 18 000 Rent received 5 800 Discount received 700 Interest paid 19 600 Packing material 750 Debtors allowances 1 700 Drawings 35 000 Long term loan 20 000 Creditors 28 800 (ed States)