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The followine is a trial halance for the vear endine 21 Necemher 9014 1. Customer who was treated as a bad debtor of Sh.50 cleared
The followine is a trial halance for the vear endine 21 Necemher 9014 1. Customer who was treated as a bad debtor of Sh.50 cleared the debt during the year 2. Advertisement of the invoice Sh. 200 was not paid 3. The rent paid in advance was Sh.300 4. Depreciation on plant and machinery was \20 on a straight-line basis 5. The closing stock was valued at Sh.9,300 6. Provision for bad debts \5 7. The taxation rate is \30 8. The dividend was proposed to be \5 of profit after tax Required: a) Statement of comprehensive income for the period ending 31 December 2014 b) Statement of Financial Position as at 31 December 2014
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