The following is the trial balance of J. Peters as at 30 September 20X3:

Additional information
1. The inventory at 30 September 20X3 was valued at £4,580.
2. The loan from A. Drew is repayable on 1 January 20X9.
Required
Prepare a statement of profit and loss for the year ended 30 September 20X3 and a statement of financial position as at that date.

Transcribed Image Text:

Debit Credit 32,890 Capital Drawings Loon from A. Drew Cash Bank overdraft Sales revenue Purchoses Returns inwords Returns outwards Carriage inwards Carriage outwards Trade receivables Trade payobles Land and buildings Plant and machinery Listed investments Interest poid Interest received Rent received Inventory Repairs to buildings Plant hire charges Bank charges 5,200 10,000 510 1,720 45,600 29,300 3,800 2 2,700 960 7,390 4.620 26,000 13,500 4,800 1,200 450 630 3,720 810 240 98,610 98,610