Use the trial balance of Unisex Hairdressing Salon as at 31 May 20x3, to draft the:

1. Statement of profit or loss & other comprehensive income.

2. Statement of financial position.

Transcribed Image Text:

Bank Capital Drawings Premises Operations equipment Cash Loan from Trust Bank Accounts receivable Accounts payable Consumable stores Wages and salaries Office cleaning expense Rent income Fee income Stationery Interest on loan Unisex Hairdressing Salon TRIAL BALANCE AS AT 31 MAY 20x3 Details Fol. B1 288285882222222 B2 B3 B4 B5 B6 B7 B9 N1 N2 N3 N4 N5 N6 N7 Debit 5 000 00 80 000 00 10 000 00 150 00 1 400 00 10 000 00 400 00 600 00 500 00 109 500 00 Credit 1 350 00 56 000 00 100 00 15 000 00 2 500 00 12 000 00 24 000 00 109 500 00