Question
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An extracted trial balance for sole trader B Moore. as at 30 September 2021 is as follows:

 

B Moore

DR

CR

Trial Balance as at30 September 2021

  
 

£

£

Cash at bank

45,000

 

Cash in hand

6,800

 

Accounts receivable (Debtors)

8,000

 

Accounts payable     (Creditors)

 

14,500

Inventory (Stock):     30 September 2020

18,000

 

Car

25,000

 

Drawings

7,500

 

Fixtures andFittings

18,500

 

Sales

 

95,000

Purchases

110,000

 

Return inwards (Sales Returns)

3,500

 

Carriage inwards

890

 

Returns outwards (Purchase Returns)

 

720

Carriage outwards

500

 

Motor expenses

1,400

 

Rent

7,000

 

Telephone charges

830

 

Wages and salaries

14,000

 

Insurance

1030

 

Office expenses

800

 

Sundry expenses

250

 

Capital

 

158,780

 

269,000

269,000

Inventory as at 30 September 2021 as £13,000.


 

Required:

Prepare an Income Statement for B Moore for the year ending 30th September 2021

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