te: No uploads will be accepted in this quiz. 20 pts Question 15 Omar runs a small supermarket. The business prepares accounts to a 31 December year end, Below is an extract a summary of the bank transactions during the year. Summary bank information 10,105 Balance b/ 40,487 Payment to suppliers 56,926 Receipts from customer 5.240 Wages and salaries Rent 11,650 Rates 1,500 Sundry expenses 1,375 Drawings 3,541 You also have the opening and closing balances for the year 01/01/2019 31/12/2019 MacBook Air Drawings 3,541 You also have the opening and closing balances for the year. 01/01/2019 31/12/2019 Inventory 13,862 12,144 Payables 5,624 7.389 Receivables 9,031 24 Rent owing 210 225 Rate I prepaid 150 250 Equipment (Carrying Value) 2.500 2,250 Additional information available below: a) All takings were paid into the bank except the following Cleaner wages 4.800 Sundry expenses 3,360 Mobile phone for son 1.500 b) Bad debt written oft 550 MacBook Air ODO 000 Additional information available below: a) All takings were paid into the bank except the following: Cleaner wages 4,800 Sundry expenses 3,360 Mobile phone for son 1,500 b) Bad debt written off 550 Requirement: 1. Calculate the sales and purchases for the period ending. (10 marks) 2. Calculate the Proht or loss for the period. (10 marks) Edit View insert Format Tools Table 12pt Paragraph B I U A. e per MacBook Air 80 200 ODD 14 ES