Question $4$:

Use the following information on the table below to $(18$ marks$)$

Prepare the general journal entries using a cash basis.$-1$

$(10$mark$)$

$2-$ Prepare the performance and financial position list.

$(8$ mark$)$

$\backslash$table$[[$Due during the year,Received and paid Actually,$],[1240,1200,$Income tax$],[1300,1280,$Sales tax$],[1600,1560,$Customs duty$],[4140,4040,$Total revenue$],[1680,1640,$Salaries and wages$],[1120,1080,$Machinery and Equipment$],[160,140,$Maintenance Expenses$],[2960,2860,$Total Expenditures$]]$