Prepare the Statement of Comprehensive Income $($Income Statement$)$ for the year ended $28$

February $2022.$You have been presented with a pre adjusted trial balance for Warner Enterprises for the year end

$28$ February $2022.$

$<img\; src="https://dsd5zvtm8ll6.cloudfront.net/questions/2024/01/65a6435aae0d3\_1705395032662.jpg"\; style="width:\; 300\%;\; display:\; block;\; vertical-align:\; top;\; margin:\; 5px\; auto;\; text-align:\; center;"\; width="300\%"\; height="554"\; alt="Capital\; Land\; Buildings\; Vehicles\; at\; cost\; Furniture\; at\; cost\; Accumulated\; Depreciation:\; Vehicles\; (1\; March\; 2021)">$

$$

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Capital Land Buildings Vehicles at cost Furniture at cost Accumulated Depreciation: Vehicles (1 March 2021) Accumulated Depreciation: Furniture (1 March 2021) Inventory Trade receivables Allowance for credit losses Bank Trade Payables Mortgage bond Cash on hand Sales Sales Returns Carriage on Sales Commission Income Rent Income Cost of Sales Credit losses Telephone Insurance Stationery Salaries Water and Electricity Debit (R) 616 200 162 000 150 000 50 000 32 000 36 800 107 000 26 900 1 195 5 105 312 000 7 700 11 900 35 900 5 000 43 000 65 000 Credit 465 000 40 000 15 000 2 700 54 000 100 000 972 500 5 500 13 000 Capital Land Buildings Vehicles at cost Furniture at cost Accumulated Depreciation: Vehicles (1 March 2021) Accumulated Depreciation: Furniture (1 March 2021) Inventory Trade receivables Allowance for credit losses Bank Trade Payables Mortgage bond Cash on hand Sales Sales Returns Carriage on Sales Commission Income Rent Income Cost of Sales Credit losses Telephone Insurance Stationery Salaries Water and Electricity Debit (R) 616 200 162 000 150 000 50 000 32 000 36 800 107 000 26 900 1 195 5 105 312 000 7 700 11 900 35 900 5 000 43 000 65 000 Credit 465 000 40 000 15 000 2 700 54 000 100 000 972 500 5 500 13 000

Answer rating: 100% (QA)

To prepare the Statement of Comprehensive Income also known as the Income Statement for Warner Enterprises for the year ended February 28 2022 well ne... View the full answer