P Hastings has given you a list of account balances (shown in figure 9.54). Unfortunately, the list shows the accounts in a random order. Write next to each account name the account/statement and group abbreviations.

Use this information to prepare an income statement and balance sheet for the year ended 31 December 2022 and a trial balance to start the new year.

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Account Balances of P Hastings as at 31 December 2022 Advertising Accounts Payable Control Miscellaneous Expenses Loan Mortgage on Premises GST Payable Stationery Inventory (1-1-2022) Postage Delivery Expenses Bank Wages Commission Received Accounts Receivable Control Photocopying Motor Vehicles Interest on Loan Mortgage Premises Bad Debts Expense Vehicle Expenses GST Receivable Customs Duty Office Cleaning Rent Received Office Repairs Donations Bad Debts Recovered Sales Capital Rates Sales Wages Sales Commission Bank Charges Purchases Inventory (31-12-2022) $10 477 2869 660 136 26 000 4334 451 9 388 245 4 195 2863 20 000 8 396 21 626 263 20 500 3400 45 000 1219 1605 2585 8 541 2429 10 744 195 250 829 173 547 31 969 2779 15 000 8100 97 82 743