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Sales Cost of sales Interest received Advertising costs Delivery epenses Office wages Interest on overdraft 12 000 8 000 650 1 500 850 3 000 200 900 30350 500 4 700 2 000 100 1 450 500 1 000 35 000 11 700 financial statements(balance Rent rpensa sheet,cash flow,incomeaa statement,statement of Stoei Capital Bank Overdraft Cash float Debtors (Accounts Receivable) Creditors (accounts Payable Shop Fittings Land and Buildings Mortgage changes in equty REQUIRED Prepare the Financial Statements for the period ended 31 December 2012
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Income Statement for the period ended 31/12/2012
Particulars Amount Particulars Amount
Cost of sales $    8,000.00 Sales $ 12,000.00
Advertisement cost $    1,500.00 Interest Received $        650.00
Delivery Expense $        850.00
Office Wages $    3,000.00
Interest on overdraft $        200.00
Rent Expense $        900.00 Net Loss $    1,800.00
$ 14,450.00 $ 14,450.00
Balance Sheet for the period ended 31/12/2012
Liabilities Amount Assets Amount
Capital $ 30,350.00 Shop Fittings $    1,000.00
Less:Drawings $     (500.00) Land And Building $ 35,000.00
Less:Net Loss $ (1,800.00) $ 28,050.00
Stock $    4,700.00
Mortgage $ 11,700.00 Debtors $    1,450.00
Bank overdraft $    2,000.00 Cash float $        100.00
Creditors $        500.00
$ 42,250.00 $ 42,250.00
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