for the year end 30 June 2011 Account code Account Description 1030 30-6-2010 Fixed assets 10,000 1040 Stock-finished goods 500 1050 Trade debtors 60,000 50,000 1070 Cash balances 28,500 18,500 1080 Trade creditors (80,000) (57,000) 1150 Share capital, reserves (24,000) (19,000) 1160 Sales (532,000) (466,000) 1170 Cost of sales 400,000 346,000 1180 Payroll expenses 65,000 58,000 1190 Other expenses 69,000 59,000 The following adjustment entries needs to be passed in the above trial balance Year 2011 500 1 Depreciation on fixed assets 300 2 Provision for doubtful debts 3000 Prepayments included in other expenses Please prepare the following statements with comparative figures after passing adjustment entries mentioned above the above given trial balance Statement of financial position a Statement of comprehensive income Statement of cash flows b C 30-6-2011 11,500 2,000 30-6-2009 12,000 600 $5,000 17,400 (60,000) (20,000) (480,000) 360,000 55,000 60,000 Year 2010 600 2500