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The Trial Balance of Angel Lorraine at 30 June as follows: Angel Lorraine Account Balances as at 30 June Advertising Cost of Goods Sold
The Trial Balance of Angel Lorraine at 30 June as follows: Angel Lorraine Account Balances as at 30 June Advertising Cost of Goods Sold Cartage Outward Bank Discount Allowed Furniture & Fittings Insurance Light & Power Motor Vehicles Office Equipment Rates and Taxes Rent Salaries - Sales Salaries - Office Sales Accounts Receivable Accounts Payable GST Paid GST Collected Stationery Telephone Inventory Capital (Opening Balance) Required: (a) Prepare a worksheet. (b) Income Statement for year ended 30 June. (c) Balance Sheet as at 30 June. Acc Bal $19,620 69,433 8,720 17,440 872 13,080 30,520 2,180 28,340 10,900 13,734 10,900 65,400 61,040 296,480 63,000 20,100 10,030 13,036 2,180 2,834 102,133 ? Debit Credit (a) Worksheet of Angel Lorraine Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit (b) Income Statement of Angel Lorraine for the year ended 30 June (c) Balance Sheet of Angel Lorraine for the year ended 30 June
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