There is 2 questions

Ex. 4. The following information relates to the business of Jan Smart, a sole trader, as at 31 December 2015: Stock - 1 Jan 2015 9,850 Stock - 31 Dec 2015 5,780 Purchases 48,715 Sales 72,220 Returns inwards 3,780 Returns outwards 4,030 Carriage inwards 500 Wages 9,950 Rent and rates 5,750 Carriage outwards 250 Sundry expenses 9,990 You are required to prepar Income statement for the year 2015. Ex. 5. The following balances have been extracted from the books of David Hollamby, a sole trader, as at 31 Decem 201x: Premises Equipment Net profit for year Equity as at 1/1/2018 Stocks at 31/12/201x Cash in hand Bank overdraft Debtors Creditors Drawings 35,000 5,000 18,000 30,000 6,700 500 2,400 7,200 9,000 5,000 You are required: 1) Prepare Balance sheet as at 31/12/201x; 2) Show the Owner's capital account as at 31/12/201x