021 - @ fx J K L Following adjustments needs to be made; opening inventory was valued 10000, closing inventory 1100 deprciate: office furniture 1500x10%=150 laptop 1500x15%=225 delivery van 5000x5%=250 A 2 Account title debit account title credit 3 bank 51,300.00 cash 1,250.00 4 advertising 3,000.00 sale 45,250.00 5 packing material 2,000.00 share capital 50,000.00 6 business expenses 3,000.00 inventory 20,132.00 7 office furniture 1,500.00 accrued utilities 3,000.00 8 office cleaning 1,500.00 accrued wages & sal 15,000.00 9 office supplies 2,000.00 accrued rent 4,500.00 10 discount 500.00 accrued liabilities 21,000.00 11 laptop 1,500.00 17 entertaiment 200.00 13 utilities expenses 3,000.00 14 wages&salary expenses 15,000.00 15 rent expenses 4,500.00 16 expenses payable 21,000.00 17 cost of goods sold 30,132.00 18 DRS 8,000.00 19 Home Decor 4,500.00 20 PLCA 2,000.00 21 fuel 500.00 22 delivery van 5,000.00 160,132.00 160,132.00 Required Prepare Trading and Profit & Loss statement 31 sep 27 Balance sheet 31 sep 2017 Cash flow statement (direct and indirect method) ES EL 100% 021 - @ fx J K L Following adjustments needs to be made; opening inventory was valued 10000, closing inventory 1100 deprciate: office furniture 1500x10%=150 laptop 1500x15%=225 delivery van 5000x5%=250 A 2 Account title debit account title credit 3 bank 51,300.00 cash 1,250.00 4 advertising 3,000.00 sale 45,250.00 5 packing material 2,000.00 share capital 50,000.00 6 business expenses 3,000.00 inventory 20,132.00 7 office furniture 1,500.00 accrued utilities 3,000.00 8 office cleaning 1,500.00 accrued wages & sal 15,000.00 9 office supplies 2,000.00 accrued rent 4,500.00 10 discount 500.00 accrued liabilities 21,000.00 11 laptop 1,500.00 17 entertaiment 200.00 13 utilities expenses 3,000.00 14 wages&salary expenses 15,000.00 15 rent expenses 4,500.00 16 expenses payable 21,000.00 17 cost of goods sold 30,132.00 18 DRS 8,000.00 19 Home Decor 4,500.00 20 PLCA 2,000.00 21 fuel 500.00 22 delivery van 5,000.00 160,132.00 160,132.00 Required Prepare Trading and Profit & Loss statement 31 sep 27 Balance sheet 31 sep 2017 Cash flow statement (direct and indirect method) ES EL 100%