Using the adjusted trial balance of O Lightfoot from figure 12.15 you are required to:

• enter the account, statement and group abbreviation next to each account name

• prepare an income statement

• prepare a balance sheet.

Transcribed Image Text:

Adjusted Trial Balance of 0 Lightfoot as at 30 June 2022 Petty Cash Accounts Receivable Control Allowance for Doubtful Debts Inventory (1 July 2021] GST Receivable Expense Prepaid Land and Buildings Motor Vehicles Accumulated Depreciation - Motor Vehicles Bank Overdraft Accounts Payable Control GST Payable Expense Accrued Revenue Received in Advance Mortgage Land and Buildings Capital Drawings Sales Rent Received Purchases Salaries Insurance Depreciation - Motor Vehicles Interest Bad Debts Expense Discount Allowed Doubtful Debts Expense Inventory [30 June 2022) $6267 175 20 185 5033 740 3 024 54 125 29 800 1445 26 132 17082 1843 1418 4 107 866 1917 190 168 082 600 7 020 10 610 11 363 1530 3081 608 30 500 37 710 61 415 3645 168 082