Question
The following trial balance has been drawn up from the accounts of Endpages bookshop. Endpages Bookshop Trial balance as at 31 December 2002 Dr Sh.
The following trial balance has been drawn up from the accounts of Endpages bookshop. Endpages Bookshop Trial balance as at 31 December 2002 Dr Sh. Sh. 151,500.00 Sales Purchases 103,500.00 Salaries and wages 18,700.00 Office expenses 2,500.00 Insurance 1,100.00 Electricity Stationery 600.00 2.400.00 Advertising 3,500.00 Telephone Rates 800.00 3,000.00 Discount allowed 100.00 Discount received 200.00 Rent received 2,000.00 Returns inwards 1,500.00 Returns outwards 3,500.00 Stock at 01 Jan 2001 46,000.00 Premises 80,000.00 Stock as at 31 Dec 2001 41,000.00 Fixtures and fittings 5,000.00 Debtors and Creditors 4,800.00 7,500.00 Cash in Hand 200.00 Cash in bank 12.000.00 Capital 11,000.00 Drawings 14,000.00 Stock as at 31 Dec 2001 41,000.00 328.700.00 328.700.00 Required Prepare a statement of comprehensive income for the year ended 31 December 2002 and a statement of financial position as at that date. (20 marks)
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