Trial balance Account Debit Credit Cash at bank $48,907 71 Petty cash $4,000 00 Stock on hand $36,942 00 Deposits $3310 00 Trade debtors $43,437 00 Plant and equipment $46,502 29 Motor vehicle $52,500 00 Account depreciation Plant and equipment $6,540 00 Bank loans $58,500 00 Trade creditors $92,000 00 GST collected $15,303 00 GST paid $43,171 18 Payroll liabilities $2,767 00 Owner capital issued capital $15,000 00 Owner drawings $35,195 00 Retained earnings $65,500 00 Sales goods and services $363,684 00 Interest received $1,050 00 COGS $80,000 01 Accounting and audit fees $4,772 73 Advertising and marketing $5,600 00 Bank fees $2,112 50 Computer expenses $2,727 27 Consultancy $954 55 Hire purchase lease charges $1,909 10 Insurance general $1,954 54 Internet Legal fees $4,636 36 $1,000 00 Motor vehicle expenses $1,104 55 Postage courier $2,685 45 Printing and stationary $711 82 Repairs and maintenance office $2,522 72 Rent office premises Salaries office $30,000 00 $150,005 40 Travel $4,636 37 Telephone expenses $3,545 45 Utilities Depreciation Accumulated Depreciation m v $5,500 00 7500 7500 Total $620,344 00 $620,344 00 Prepare a Profit Loss statement This is now the end of financial year 2020 You are required to compile the financial data for the last three months to prepare a Statement of Financial Performance in Excel or Word Please provide your opinion about the Profit and Loss Statement for the last Quarter Above is the data for the last quarter

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Trial balance Account Debit Credit Cash at bank $48,907.71 Petty cash $4,000.00 Stock on hand $36,942.00 Deposits $3310.00 Trade debtors $43,437.00 Plant and equipment $46,502.29

Trial balance

Account	Debit	Credit
Cash at bank	$48,907.71
Petty cash	$4,000.00
Stock on hand	$36,942.00
Deposits	$3310.00
Trade debtors	$43,437.00
Plant and equipment	$46,502.29
Motor vehicle	$52,500.00
Account depreciation Plant and equipment		$6,540.00
Bank loans		$58,500.00
Trade creditors		$92,000.00
GST collected		$15,303.00
GST paid	$43,171.18
Payroll liabilities		$2,767.00
Owner capital/issued capital		$15,000.00
Owner drawings	$35,195.00
Retained earnings		$65,500.00
Sales goods and services		$363,684.00
Interest received		$1,050.00
COGS	$80,000.01
Accounting and audit fees	$4,772.73
Advertising and marketing	$5,600.00
Bank fees	$2,112.50
Computer expenses	$2,727.27
Consultancy	$954.55
Hire purchase/lease charges	$1,909.10
Insurance general	$1,954.54
Internet Legal fees	$4,636.36 $1,000.00
Motor vehicle expenses	$1,104.55
Postage/courier	$2,685.45
Printing and stationary	$711.82
Repairs and maintenance office	$2,522.72
Rent office premises Salaries office	$30,000.00 $150,005.40
Travel	$4,636.37
Telephone expenses	$3,545.45
Utilities Depreciation Accumulated Depreciation m/v	$5,500.00 7500	7500
Total:	$620,344.00	$620,344.00

Prepare a Profit & Loss statement

This is now the end of financial year 2020. You are required to compile the financial data for the last three months to prepare a Statement of Financial Performance in Excel or Word. Please provide your opinion about the Profit and Loss Statement for the last Quarter. Above is the data for the last quarter.