please answer all the questions

QUESTION 1 Paul Phillips, a sole trader, had the following list of ledger balances as at 31 December 2002: NS Capital at 1 January 2002 Debtors Cash in hand Creditors Fixtures at cost Discounts allowed Discounts received Stock at 1 January 2002 Sales Purchases Motor vehicles at cost Heating and lighting Motor expenses Rent General expenses Bank (debit) Provision for depreciation - - Fixtures - Motor vehicles Drawings 88,676 45.737 1.712 31,069 42,200 1,009 846 16,491 398,644 327.110 45,730 6,206 2,862 8,802 6,500 7,800 2,200 15,292 24,568 1,073,454 The following information as at 31 December 2002 is also available: 1. N$218 is owing for motor expenses. 2 N$880 has been prepaid for rent 3. Depreciation is to be provided for the year as follows: Motor vehicles -20% on cost Fixtures - 10% reducing balance method. 4. Stock at the close of business was N$16,248 Required: (a) Prepare the trial balance for Paul Phillips as at 31 December 2002. (10 marks) (b) Prepare Paul Phillips' Comprehensive Income Statement for the period ending 31 December 2002 (15 marks) (c) Prepare Paul Philips Statement of Financial Position as at 31 December 2002. (15 marks) QUESTION 2 In the table below, fill out the missing information by indicating the type of account affected, and whether the account increases or decreases on the debitor credit side (48 marks) Account type asset Debit . Credit + Account Ex: Goodwill Capital Rates Drawings Accounts payables Cash Bank Land & buildings Equipment Rent received Commission received Tax payable Depreciation Bad debts Vehicles Dividends payable Net profit General reserves Water & electricity Furnitures & fittings Accounts receivables Bank overdraft Salaries & wages Sales revenue purchases