Task# $3$

Question No$\mathrm{.}1$ The following is the trail balance of Kaka Traders as on $30-06-2023.$

Kaka Traders

Trial Balance

As At $30-06-2023$

Sr$.$ No$.$ Accounts Name Dr$.($$$)$ Cr$.($$$)$

$1$ Cash $13,252$

$2$ Capital Stock $14,500$

$3$ Accounts Payable $120$

$4$ Purchases $9,000$

$5$ Note Payable $13,500$

$6$ Fixture $($At Cost$)2,000$

$7$ Sale $16,940$

$8$ Salary $4,000$

$9$ Bank $11,000$

$10$ Rent $3,600$

$11$ Discount allowed $128$

$12$ Sale return $490$

$13$ Accounts Receivable $490$

$14$ Stock on $01-07-2022400$

$15$ Wages $200$

$16$ Drawings $500$

Total $45,06045,060$

Adjustments:

$1.$ Stock on $30-06-2023$ was $ $2,600$

$2.$ Depreciate fixtures by $10\%$ p$.$a$.$ using straight line method.

$3.$ Wages outstanding $ $122$

$4.$ Prepaid rent $ $600$

$5.$ Commission receivable $ $100$

From the above trail balance and adjustments you are required to prepare:

a$)$ Comprehensive Income Statement

b$)$ Balance Sheet

c$)$ Statement of Changes in Equity