the owner of Excellent Sport Equipment Store. He supples you with the following Trial Balance extracted odbor as at 30 June 2012 EXCELLENT SPORT EQUIPMENT STORE Trial Balance as at 30 June 2012 Dube Credit Caring stock, 1 July 2011 9.750 1,500 Bad obis Capital 115.000 Garage Inwards Garriage outwards Cash Bar Commission Accounts receivable and Accounts payable 645 7,500 Drawings import duties Find deposit Future 3,119 4321 1.700 80,000 970 12,000 1.900 1.150 10,000 8.560 780 1,800 2.350 120.000 1.251 2.300 2,000 35,000 1,200 3,800 80,554 1,340 550 Insurance on Purchases Insurance Interest Pemises General expenses Discount Rental Purchases and Sales Returns Salaries Motor Vehicles Motor Vehicles expense Viages on purchases Long term loan 1.890 2.100 5.000 80.000 1,400 172,350 385,885 385,885 Additional information Closing stock on 30 June 2012 at market value was RM11,000 and PM10,900 at cost. 6) Rent RM350 has been received in advance at the year-end. Salaries paid in advance RM0. There was an acc of RM1,000 for carriage inwards. Premium Insurance was paid for 18 months. RM50 was owed for general expenses at the end of the year You are required to prepare Statement of Comprehensive Income for the year ended 30 June 2012 Statement of Frencial Position as at 30 June 2012 Gross Profit AM39,751 Net Profit: RM28,354 Statement of Financial Position: RM323, 104 the owner of Excellent Sport Equipment Store. He supples you with the following Trial Balance extracted odbor as at 30 June 2012 EXCELLENT SPORT EQUIPMENT STORE Trial Balance as at 30 June 2012 Dube Credit Caring stock, 1 July 2011 9.750 1,500 Bad obis Capital 115.000 Garage Inwards Garriage outwards Cash Bar Commission Accounts receivable and Accounts payable 645 7,500 Drawings import duties Find deposit Future 3,119 4321 1.700 80,000 970 12,000 1.900 1.150 10,000 8.560 780 1,800 2.350 120.000 1.251 2.300 2,000 35,000 1,200 3,800 80,554 1,340 550 Insurance on Purchases Insurance Interest Pemises General expenses Discount Rental Purchases and Sales Returns Salaries Motor Vehicles Motor Vehicles expense Viages on purchases Long term loan 1.890 2.100 5.000 80.000 1,400 172,350 385,885 385,885 Additional information Closing stock on 30 June 2012 at market value was RM11,000 and PM10,900 at cost. 6) Rent RM350 has been received in advance at the year-end. Salaries paid in advance RM0. There was an acc of RM1,000 for carriage inwards. Premium Insurance was paid for 18 months. RM50 was owed for general expenses at the end of the year You are required to prepare Statement of Comprehensive Income for the year ended 30 June 2012 Statement of Frencial Position as at 30 June 2012 Gross Profit AM39,751 Net Profit: RM28,354 Statement of Financial Position: RM323, 104
