From the account balances of W Wauk (shown in figure 9.62), write next to each account name the account/statement and group abbreviations. Then, using this information, you are required to:

• prepare an income statement, and

• prepare a balance sheet.

Transcribed Image Text:

Account Balances of W Wauk as at 30 June 2022 Discount Allowed Drawings Bank Sales Bad Debts Expense Accounts Receivable Control GST Payable Capital Telephone Cost of Sales Motor Vehicles Accounts Payable Control Cartage Outwards Wages Computer Electricity GST Receivable Discount Received Advertising Inventory 116 5 207 31 041 88 628 152 7 931 2211 70 104 765 30 607 40 876 3 102 714 37 516 3 200 915 814 47 254 3 984