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Question 1 The following is an unadjusted list of account balances of Banana...

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Accounting

Question 1
The following is an unadjusted list of account balances of Banana Management as at 30 June 2024 with the adjustment below that must be incorporated into the final accounts.
\table[[,RM],[Bank overdraft,19,036],[Buildings,182,180],[Machinery,60,000],[Accounts Receivable,156,400],[Opening Stock,8,580],[Mortgage,30,000],[Sales,247,020],[Discount Received,1,690],[Accumulated Depreciation - Machinery,18,000],[Accounts Payable,50,780],[Bad Debts Recovered,1,540],[Interest Expense,2,940],[Purchases,112,500],[Carriage Inwards,2,600],[Carriage Outwards,4,600],[Advertising,16,400],[Insurance,22,940],[Office wages,81,400],[Discount Allowed,1,610],[Drawings,21,200],[Capital,305,284],[,]]
Additional Information
\table[[,RM],[Closing Stock,12,440],[Accrued Wages,4,100],[Prepaid Insurance,1,800]]
Straight line Depreciation on Machinery (5%)
Required:
a. Statement of Comprehensive Income for the year ended 30 June 2024.
(20 marks)
b. Statement of Financial Position as at 30 June 2024.
(20 marks
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