Exercise $7\mathrm{.}3$A and Exercise $8\mathrm{.}3$A

Prepare Financial Statements $($Income Statement and Balance Sheet$)$

$7\mathrm{.}3$A From the following trial balance of $F.$ Dover drawn$-$up on conclusion of his first year in business, draw up a statement of profit or loss for the year ending $31$ May $2017.$ A statement of financial position is not required.

Trial balance as at $31$ May $2017$

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