Please do not bother answering the question without making the t-accounts . Thank you ...
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Accounting
Please do not bother answering the question without making the t-accounts . Thank you
Please show the t-accounts for a/c receivable, allowance for doubtful debt, a/c payable , inventory, accured salaries , Plant and accumulated depreciation plant for the statement of cash flow. Topic 2: Statement of Cash Flows SQ 2-1 The following has been extracted from the trial balances of Peppermint Lad for the last two years: 2018 5000) 5,250 1,730 525 20 1,000 1.030 210 Sales (alon credit) Cost of goods sold Doubtfil debts expense Interest expense Rent expense Salaries expense Depreciation expense Gain on sale of plant Cash Inventory Accounts receivable Alowance for doubtfuldebts Land Plane Accumulated depreciation Bank overdratt Accounts payable Accrued salaries Long-term loan Share capital Dividends paid Retained camins 2019 3000) 28,375 17,555 1,837 450 2,000 3.225 735 65 11,424 13.230 20,600 1.960 11,025 7,350 1,715 17,985 14.980 1.617 8.552 9,800 665 ? 2,779 3,780 5,600 560 70 3,150 2,100 490 4,280 200 462 2,240 2,800 5,047 Additional information: plant with a carrying value of $140 000 (original cost $1 260 000 and accumulated depreciation of $1 120 000) was sold during the year. new plant and now land were acquired during the year Required i prepare an Income Statement for the year ending 30 June 2019 (use the space available on ii. calculate the closing balance of retained comings as at 30 June 2019 (use the account on page) iii. prepare a Statement of Financial Position as at 30 June 2019, showing compartive information for the prior year (use the space available on page 5) iv. prepare a statement of Cash Flows and reconciliation of profit to operating cash flows) for the year ending 30 June 2019, showing all workings (use the space available on page 6 for the accounts and the space available on pages 7 and 8 for the Statement of Cash Flow and supporting notes)
Please do not bother answering the question without making the t-accounts . Thank you

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