From the following information relating to Black Ltd you are required to prepare

1. a) Profit & loss statement for the year ended 30 June 2020, and
2. b) Balance sheet as at 30 June 2020

  

Transcribed Image Text:

Sales 190 000 Drawings 13 000 Inventory 1 July 2019 18 000 Capital 151 500 Purchases 118 000 Motor vehicles 24 000 Land & buildings 130 000 Advertising 1 500 Office salaries 23 000 Insurance 2 000 Telephone 1 100 Light & power 1 400 Sales 190 000 Drawings 13 000 Inventory 1 July 2019 18 000 Capital 151 500 Purchases 118 000 Motor vehicles 24 000 Land & buildings 130 000 Advertising 1 500 Office salaries 23 000 Insurance 2 000 Telephone 1 100 Light & power 1 400