The following information was taken from the trial balance of the books of Windhoek Secondary School...

 

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The following information was taken from the trial balance of the books of Windhoek Secondary School Mini-Market on December 31, 2018 Cash 13,000 Sundry debtors Bill receivable Opening stock Building Furniture and fittings Investment ((Temporary) Plant and Machinery 10,000 8,500 45,000 50.000 10,000 5,000 15,500 Bills payable Sundry creditors Owners capital Owners drawings 9.000 20,000 78,200 1,000 Sales 100,000 Sales discount 400 Purchases 30,000 Freight in Purchase discount 1.000 500 Sales salary expenses Advertising expenses Miscellaneous sales expenses Office salary expenses Misc. general expenses Interest income 5.000 4.000 500 8,000 1,000 1,000 Interest expenses 800 208,700 208,700 Closing stock on December 31, 19 ... was $10,000 Required: Prepare income statement/trading and profit and loss account and balance sheet from the above trial balance in report form. The following information was taken from the trial balance of the books of Windhoek Secondary School Mini-Market on December 31, 2018 Cash 13,000 Sundry debtors Bill receivable Opening stock Building Furniture and fittings Investment ((Temporary) Plant and Machinery 10,000 8,500 45,000 50.000 10,000 5,000 15,500 Bills payable Sundry creditors Owners capital Owners drawings 9.000 20,000 78,200 1,000 Sales 100,000 Sales discount 400 Purchases 30,000 Freight in Purchase discount 1.000 500 Sales salary expenses Advertising expenses Miscellaneous sales expenses Office salary expenses Misc. general expenses Interest income 5.000 4.000 500 8,000 1,000 1,000 Interest expenses 800 208,700 208,700 Closing stock on December 31, 19 ... was $10,000 Required: Prepare income statement/trading and profit and loss account and balance sheet from the above trial balance in report form.

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