Sonstituto Q2. The company Best Phone Repairs Ltd is preparing financial statements for the year ending 31 December 2020. You have been provided the following information and the missing one you are supposed to complete - (E7: 7.1, 6.2) [Only fill in the shaded cells) Best Phone Ltd Trial Balance as at 31 December 2020 Account Dr Cash Cr Accounts Receivable Inventory Vehicle Accounts Payable Bank Loan 76,200 40,000 98,000 80,000 Capital Drawings Shop Sales Revenue 4,000 20,000 240,000 2200 205,000 COGS Rent 164,000 2,000 5,000 Wages Electricity Phone 1000 600 Totals *Opening inventory Closing Inventory Purchases 172,000 98,000 90,000 1a) Complete the trial balance above to check for any errors. (E6: PC 6.2) 2 marks Body Text N. CU a) Use the trial balance above to help complete the Income Statement for the Year Ending 31 Dec 2020 26 marks (2 Marks for each entry with the amount) (E7: 7.1) Best Phone Ltd Income Statement for the Year Ending 31 Dec 2020 AED AED Body Text b) Use the trial balance above to complete the Statement of Financial Position as at 31 Dec 2020 24 martes 12 Maries for each entry with the amourt) (E7:7.1) Best Phone Ltd Balance Sheet as at 31 Dec 2020 Assets Total assets Uabilities Total abilities Stockholders' Equity Capital Net profit Total Stockholders' Equity Total Liabilities and Stockholders' Equity Section - B (25 Marks) Hanan is in charge of petty cash in the sales department of Paris Gallery. The original cash float decided was Dh 4,000.00 (E4:4.3-4.4) The following transactions were recorded for the month: 2 February 2020 Cheque number 048975 was drawn for the imprest amount. 9 February 15 February 17 February 20 February 28 February Mohammed claimed Dh 185.50 for stationery. Badreva claimed Dh-128.80 for postage. Khaled claimed Dh 120.00 for petrol Najwa claimed Dh 1050.00 for a staff lunch. On the imprest was reimbursed with cheque number 048979 Note: Cheques must be signed by the owner, Mr Mohamed, and the general manager, Mr. Khalid Petty cash vouchers must be approved by the sales manager, Mr. Ahmed. Instructions: Complete the cheques and petty cash vouchers using the information above Prepare a Petty Cash book for the month of February 11 Marks) Abu Dhabi Training Bank Bain Al Jesain Branch Date: To: Date: For: Dhs PAY THE SUM OF DUIS Brought Forward Deposit Balance This cheque Balance Not negotiable 000 093251456:142897 Ch No 0000 Petty Cash Voucher No.: Date Description Amount Total Claimant Name: Claimant Signature: Approver Name: Approver Signature: Petty Cash Voucher No. Date Description Amount Total Claimant Name: Claimant Signature: Approver Name: Approver Signature: Petty Cash Voucher No.: Date Description Amount Total Claimant Name: Claimant Signature: Approver Name: Approver Signature: Petty Cash Voucher No.: Date Description Amount Total Claimant Name: Claiman Signature: Approver Name: Approver Sigeature: Date: Abu Dhabi Training Bank Bain Al Isstain Branch 1 To: For: Date: Dhs. PAY THE SUM OF: Brought Forward Deposit Balance This cheque Balance DHS Not negotiable Ch No.: 000 000 809"325"456:14289" Petty Cash Book for: Month: Date Claimant and details No Receipts Petrol Fares Tea/ Coffee Postage Other Balance Assessment No. 3 Section-C On Feb 1, 2020, Habeeb (with registered mobile number OSSSSDOOZ who works in the Finance Department at Shah Perfumes was ready to deposit the money received in the month of January 2020. Shah Perfume's bank account number is 4532216, and the branch number is 6666. (13 Marks - 1/2 mark each for every entry on the deposit slip) . This is the cash funds he had to deposit: Ten Dh 1000 notes Twelve Dh 500 notes Fifty-two Dh 100 notes Eight Dh 50 notes Thirteen Dh 20 notes Twenty Dh 5 notes He also had the following cheque sent by a customer: (E4: 4.1 - 4.2) Abu Dhabi Training Bank Bain Al Isscain Branch Date: 25 January 2020 Shah Perfumes PAY THE SUM OF: Five Thousand dirhams only DHS 5,000.00 Mina Trading Establishment Not negotiable Mohammed John 000448164 8093254456:14289" Fill out the deposit slip below using the above details. NO. 3 ABU DHABI TRAINING BANK Branch Date: CASH/CHEQUE DEPOSIT SLIP Received for Credit of Account No Cheque Deposit Cheques Bank Branch No. 1 Cheque # AED Flls AED Fils 3 4 S Cash Deposit Cash Denom- ination No. Dh 1000 Dh 500 Dh 200 Dh 100 Dh 50 Dh 20 Dh 10 Dh 5 Coins Total S 6 Total Signature: Amount in Words Deposited By: Tel/Mobile