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Below you are provided with a partial trial balance from Mountain View restaurants. Your task...

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Accounting

Below you are provided with a partial trial balance from Mountain View restaurants. Your task is to use the information from the trial balance to complete the 'trading part' of the income statement.

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Cr 11,600 1,400 TRIAL BALANCE (partial) Mountain View Restaurant 31st January 2019 LEDGER ACCOUNT Dr Commission received Customs duty on purchases 6,800 Discount received Freight on purchases 7,200 Inventories (1st January 2019) 48,000 Purchase returns Purchases 135,600 Sales Sales returns 5,200 Notes: Inventories (31st January 36,000 2019) Tax rate 3096 11,600 571,820 Income Statement Mountain View Restaurant for the period ended 31st January 2019 $ $ COST OF GOODS SOLD S S $ $ 5 11 $ GOODS AVAILABLE FOR SALE * 5 $ GROSS PROFIT OTHER REVENUE $ $ S $

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