The accounting period of Faith Stores ends on 30 November each year. Their Trial Balance on...

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The accounting period of Faith Stores ends on 30 November each year. Their Trial Balance on 30 November 2022 is given below: 1. Prepare the Trading and Profit and Loss Account of Faith Stores for the most recent accounting period. 2. Prepare the Balance Sheet of Faith Stores on 30 November 2022 DR CR Capital 26 726 Drawings 4 800 Land and Buildings 22 000 Equipment (at cost) 6 900 Vehicle (at cost) 9 000 Inventory (30 November 2022) 5 542 Mortgage Loan 10 000 Short Term Loan Fixed Deposit (long-term) Debtors Control 2 000 4 000 1 372 Creditors Control Cash Float Petty Cash Bank 1819 100 50 1916 Accumulated depreciation: Equipment Vehicles Provision for Bad Debt Sales Cost of Sales Wages and Salaries Consumable Stores Income: Rent Bank Charges HC1ACAS Stationery Discount Received Telephone Vehicle Expenses Interest on Loan Bad debt Income: Interest 19 450 300 1 800 60 38 500 9 600 500 133 2 600 2| Page 175 308 287 400 1 920 40 240 86 269 86 269 The accounting period of Faith Stores ends on 30 November each year. Their Trial Balance on 30 November 2022 is given below: 1. Prepare the Trading and Profit and Loss Account of Faith Stores for the most recent accounting period. 2. Prepare the Balance Sheet of Faith Stores on 30 November 2022 DR CR Capital 26 726 Drawings 4 800 Land and Buildings 22 000 Equipment (at cost) 6 900 Vehicle (at cost) 9 000 Inventory (30 November 2022) 5 542 Mortgage Loan 10 000 Short Term Loan Fixed Deposit (long-term) Debtors Control 2 000 4 000 1 372 Creditors Control Cash Float Petty Cash Bank 1819 100 50 1916 Accumulated depreciation: Equipment Vehicles Provision for Bad Debt Sales Cost of Sales Wages and Salaries Consumable Stores Income: Rent Bank Charges HC1ACAS Stationery Discount Received Telephone Vehicle Expenses Interest on Loan Bad debt Income: Interest 19 450 300 1 800 60 38 500 9 600 500 133 2 600 2| Page 175 308 287 400 1 920 40 240 86 269 86 269