The following trial balance has been prepared from the books and records of Sulphur Products as at 30 September 20X3. We are also told that the figures have to be amended to take into account further adjustments (see below).

Additional information
1. A bad debt of £2,000 has yet to be written off.
2. The provision for doubtful debts is to be 3 per cent of trade receivables.
3. There are unpaid bills for electricity £200 and telephone £300.
4. Rent is payable at £3,300 per quarter, and has been paid until the end of
November 20X3.
5. The value of inventories at 30 September 20X3 is £16,500.
6. Depreciation is to be provided on Plant and Equipment (25 per cent reducing balance method).
Required
Prepare a statement of profit and loss for Sulphur Products for the period ending 30 September 20X3 and a statement of financial position at that date.
(An adjusted trial balance is not required. Show all the adjustments to the ledger accounts).

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Sulphur Products Trial balance at 30 September 20X3 Debit Credit 99,000 Copital Drowings Vehicles Trode payables Trode receivables inventories ( October 20x2) Rent Telephone Postog Electricity Bank Retums inwards Ratums outwords Provision for doubiful debts Purchases Sales revenue Plont and equipment Discounts received Bank charges 9,000 60,000 47,000 37,000 12,000 15,400 1,800 300 2,100 22.000 4,000 2,500 900 213,000 370,000 147,000 6,000 525,400 525,400