From the account listing of Dr R Wollondilly, whose service business operates as Riverside Medical Practice (see figure 9.67), you are required to:

• write next to each account name the account/statement and group abbreviations

• prepare an income statement for the year ended 30 June 2022

• prepare a balance sheet.

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PL PL Account Balances of Riverside Medical Practice as at 30 June 2022 R Exp Bank Cash in Hand Accounts Receivable Control Premises Motor Vehicle Accounts Payable Control Loan Mortgage on Premises Capital Fees from Surgery Consultations Fees from Home Visits Interest Received Purchase of Medical Supplies Salaries Motor Vehicle Expenses Telephone Stationery Bad Debts Interest on Loan Mortgage 75000 300 2500 80000 31000 400 20000 127 600 80000 20000 300 5000 42000 8000 600 200 100 3600