Before you can commence finalising the annual financial statements, you are required to consider the impact of

Question:

Before you can commence finalising the annual financial statements, you are required to consider the impact of each of the missing June transactions and events on the financial statements.

a. Briefly describe the impact (if any) of each transaction on the Balance Sheet and Income Statement.
b. Use the table below in order to record (if appropriate) the missing transactions for the month of June 20X8.