UPENDO STORES FINANCIAL INFORMATION AS AT $\frac{31}{10}\frac{?}{2023}$

Additional Information:

From $314$ Oetober $2023$ to ${31}^{st}$ December $2023,$ the following

additional transactions were occurred: $-$

Upendo Stores' Drawings include Tsh $60,000$ Cash which

was paid for school fees of her daughter, and Tsh $20,000$

her own personal use.

The Store sold extra Tsh $100,000$ by Cash, and purchased

extra Tsh $80,000$ by cash.

Received Tsh$.14,000$ Cash from Debtors

$20\%$ interest on loan to ABC Bank was still outstanding on

due date.

Stocks at $\frac{31}{12}\frac{?}{2023}$ were valued at Tsh$.79,000$

Required: Prepare the following: $-$

i$)$ Trial Balance as at $31=$ Dec $2023$

$(5$ Marks$)$

ii$)$ Income statement for the year ended $31/12/2023(5$ Marks$)$

iii$)$ Statement of financial position as at $31$ December $2023(6$

Marks$)$