From the trial balance of M Bimby shown in figure 9.53, write next to each account name the account/

statement and group abbreviations. Using this information, you are required to prepare an income statement, balance sheet and trial balance at the start of the next year.

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Trial Balance of M Bimby as at 30 June 2022 Accounts Receivable Control Inventory GST Receivable Machinery Office Equipment Bank Overdraft Accounts Payable Control GST Payable Capital Sales Cost of Sales Commission Freight Outwards Sales Salaries Office Cleaning Donations Rent Office Salaries Photocopying Stationery Repairs to Office Equipment Subscriptions Sundry Expenses Telephone Bad Debts Expense Interest on Overdraft Discount Allowed Debt Collection Expenses 24 409 2457 1782 12 349 9 138 56 295 1911 156 51 135 6262 79 4236 21 353 645 960 331 952 195 2843 532 1645 10 971 8 360 3696 29 108 147 868 154 184 200 003 200 003