on 31 August 2009.
Dr Purchases and Sales 87600 Inventory 1 April 2008 Capital 1 April 2008 Bank overdraft Cash Discount Return inwards Return outwards Carriage outwards Rent and insurance Fixtures and fittings Van A /C receivable and A/C payable 11000 Drawings Wages and salaries General office expenses 61400 7900
Cr
28,090 2490 1400 240 3400 1300 3200 8800 2000 5000 12000 21000 3900 300 130,540 60
130,540
Notes : (a)Inventory 31 March 2009 $6800 Required : Prepade the income statement for the year ending 31 March 2009 together with a balance sheet as at that date.