e answer The following trial balance was extracted from the ledger accounts of William Enterprise, a sole proprietor as at 31 December 2019. Trial Balance as at 31 December 2019 DR CR GH¢ GH¢ Building, at cost 650,000 Office equipment at cost 135,000 Plant and Machinery 263,500 Purchases 248,000 Sales 500,000 Inventory 1 January 2019 27,500 Discount allowed 4,800 Returns inwards 3,200 Wages and Salaries 64,885 Rent 5,580 Insurance 6,000 Trade receivables 145,000 Trade payables 132,750 Bank overdraft 58,956 Cash in hand 5,400 Long term loan 350,000 Capital 1 January 2018 ________ 517,159 1,558,865 1,558,865 The following additional information as at 31 December 2019 is available: Inventory as at December 2019 was valued at GH¢24,000. Required: 1.Prepare william Enterprise’s Income Statement (Profit or loss account) for the year ended 31 December 2019. 2. Prepare Statement financial position as at that date

Subject: accounting

Use the following question to answer a question that follows. Lorato and Loago’s Trial Balance as at 31 December 2001   Dr Cr Capital accounts: Lorato   100000 Loago   50000 Current accounts: Lorato   200 Loago 600   Cash drawings for the year: Lorato 15000   Loago 10000   Freehold premises at cost 50000   Inventory at 1 January 2021 75000   Fixtures and Fittings at cost 15000   Purchases and purchase returns 380000 12000 Bank 31600   Sales and sales Returns 6000 508000 Accounts receivables and accounts payables 52400 33300 Carriage inwards 21500   Carriage outwards 3000   Staff salaries 42000   VAT   8700 Office expenses 7500   Provision for doubtful debts 2000   Advertising 5000   Discounts received   1000 Discounts Allowed 1200   Bad debts 1400   Rent and business rates 2800   Accumulated provision for depreciation offixtures and fittings   3000   720000 720000 At 31 December 2021:a. Inventory on hand was valued at P68, 000b.…

On March 31, 2022, the balances of accounts appearing in the ledger of April Furnishings Company, afurniture wholesales, are as follows:Accumulated Depreciation-Building$419,000Administrative Expenses302,000Building1,397,000Cash98,000Cost of Merchandise Sold2,123,000Interest Expense6,000April, Capital887,000April, Drawing98,000Merchandise Inventory $547,000Notes Payable140,000Office Supplies11,000Salaries Payable4,000Sales3,582,000Selling Expenses400,000Store Supplies50,000Create create a multi step income statement.