T Broadwater has provided the balances shown in figure 9.65. Write next to each account name the account/statement and group abbreviations. Then T Broadwater asks that you:

• prepare an income statement, and

• prepare a balance sheet.

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Account Balances of T Broadwater as at 31 December 2022 Petty Cash Accounts Receivable Control Inventories [1 January 2022) GST Receivable Premises Plant and Equipment Motor Vehicles Bank Overdraft Accounts Payable Control GST Payable Loan from P Macquarie [repayable 5years) Capital Drawings Sales Bad Debts Recovered Purchases Customs Duty Sales Commission Delivery Expenses Salaries Council Rates Donations Light and Power Postage Motor Vehicle Expenses Photocopying Stationery Telephone Bank Charges Interest on Overdraft Bad Debts Expense Debt Collection Expenses Inventory (31-12-2022) $9223 225 17 050 11 253 1815 69 400 60 700 21 960 24 819 4 719 3 201 7 500 142 834 700 127 868 150 65 253 1398 1 799 493 46 253 2746 57 1706 282 1584 219 374 688 303 3 657 923 253