The year-end Trial Balance of Bill Renton, extracted as at 31 December 2010, includes the items shown with related information below.

Required:

Show how each of them will appear on the Statement of income for the year ended 31 December 2010 and the Statement of financial position as at that date.

Transcribed Image Text:

Item 1. Purchases 2. Stationery 3. Rent 4. Salaries 5. Vehicle Further information relating to each item £214,500 Goods costing £14,500 remain unsold at the year-end Stationery costing £600 remains unused at the year-end Annual rent for 2010 is agreed at £12,000 Staff salaries of £2,200 remained unpaid at the year-end Depreciation of vehicles is estimated at 20% of cost Amount £3,600 £15,000 £22,800 £18,000