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Use Trial Balance from Question 2 and make the following adjustment and prepare post-adjusted trial balance as of 28 February 2022. a) Monthly rent
Use Trial Balance from Question 2 and make the following adjustment and prepare post-adjusted trial balance as of 28 February 2022. a) Monthly rent amounted to N$366. Page 17 of 18 b) Salary Expense included $800 for 31 March 2022. c) Advertisement expense paid for 31 March 2022 was $300. d) Repairs was in arrears with $700. e) Stationery on hand as of 28 February 2022, was $4,000. f) Printing expense was prepaid with N$2000. g) Inventory 28 February 2022 was $12,500. Question 4 23 Marks a) Prepare the Statement of Comprehensive Income as of 28 February 2022 (17 Marks). b) Prepare Statement of Financial Position as of 28 February 2022 (Show only Non-Current Assets) (6 Marks).
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