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Draw up an income statement for the year ended September

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Reference no: EM132857311

Question - From the following trial balance of R Graham, draw up an income statement for the year ended 30 September 2020.

Inventory 1 October 2019 2,368

Carriage Inwards 310

Carriage Outwards 200

Returns Inwards 205

Returns Outwards 322

Purchases 11,874

Sales 18,600

Salaries and wages 3,862

Rent 304

Insurance 78

Motor Expenses 664

Office Expenses 216

Lighting and heating expenses 166

General expenses 314

Premises 5,000

Motor vehicles 1,800

Fixtures and fittings 350

Trade Receivables 3,896

Trade Payables 1,371

Cash at bank 482

Drawings 1,200

Capital _____ 12,636

33,289 33,289

Additional Information: Inventory 30 September 2020 was $2,946.

Reference no: EM132857311

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