Name: _ Group___ Problem 22 The following trial balance was extracted from the books of Charles as the dose of business on 28 February 2018 Dr Purchases and sales 11,280 19,740 Cash at bank Cash in hand Capital account 1" March 2017 Drawings Office furniture Rent Wages and salaries Discounts Accounts receivable and payable Stock 1" March 2017 Provision for doubtful debts 1" March 2017 Delivery van Van running costs Bad debts written off The following additional information as at 28 February 2018 is available: (1) Stock at 28th February 2018 3,510. (2) Wages and salaries accrued at 28 February 2018 90 (3) Rent prepaid at 28th February 2018 E140. (4) Van running costs owing at 28 February 2018 60. (5) Increase the provision for doubtful debts by 60. (6) Provide for depreciation as follows: Office furniture E180 Delivery van E480. Required: Draw up an income statement for the year ending 28 February 2018 together with a statement of financial position as at 28 February 2018, using vertical formats throughout. (Please use templates out of icef-info.hse.ru.) HOME ASSIGNMENT :3 ADJUSTMENTS Cr HOME ASSIGNMENT #3 Grove Charles's adjusted trial balance as at 28 February 2018 E E I UIT Purchases (IS, cost of sales) ost of sales) I Sales (IS, sales) Cash at bank (SoFP. CA) Cash in hand (SoFP, CA) Capital account 1" March 2017 (SoFP, Capital) Drawings (SoFP. Capital) Office furniture (SoFP.FA) Rent (IS, expenses) Wages and salaries (IS, expenses) Discounts allowed (IS, expenses) Discounts received (IS, expenses) Accounts receivable (SoFP, CA) Accounts payable (SoFP, CL) Stock 1" March 2017 (opening inventory) (IS. cost of sales) Provision for doubtful debts (SoFP, CA) Delivery van (SoFP, FA) Van running costs (IS, expenses) Bad debts written off (IS, expenses) Stock (SoFP, CA) Stock 28th February 2018 (closing inventory) (IS cost of sales) Accruals (SoFP.CL) Prepaid rent (SoFP, CA) Increase in provision for doubtful debts (IS expenses) Depreciation expenses (Is, expenses) Provision for depreciation, office furniture (SoFP, FA) Provision for depreciation, delivery van (50F? FA HOME ASSIGNMENT #3 Name: - Group Charles's Income statement for the year ended 28 February 2018