The following is a summary of Financial Info for XYZ for the year ended 31st December, 2012.

Prepare a Trading, Profit & Loss Account for the year and a Balance Sheet as of the end of the year. Details Sales Return Outwards Wages Opening Stock Advertising Capital Lighting & Heating Fixtures & fittings (At Cost) Carriage Outwards Purchases Debtors Rent Creditors Return Inwards Cash in Hand Loan @ 6% Discount Received Premises (At cost) Salaries Bank Insurance Rates Carriage Inwards Discount Allowed Commission Received Drawings Bad Debt $ 150350 4562 9500 20000 12000 283000 8657 100000 3450 43650 38000 7200 18700 6200 3000 15000 4500 250000 15780 45000 9000 3690 5980 2600 10000 13185 1200

Additional Notes: 1. Rates Prepaid 250; Advertising Accrued 1200 2. Premises have a lifetime of 10 years. Our 5th year in Operations is ending. 3. Fitures and Fittings were bought on 1st January 2011. They are to be depreciated on the basis of 15% per annum, Reducing Balance Method 4. The loan was taken on 1st January 2012. 5. Closing Stock was valued at 22000

Details Sales Return In OS P ret Out Carr In CS GP Disc Received Comm Received Less Others Salaries Wages Rent Rates Insurance Lighting & Heating Advertising Carr Out Depreciation: Premises Depreciation: F&F Bad Debts Provision Loan Interest Discount Allowed Net Profit 15780 9500 7200 3440 9000 8657 13200 3450 25000 12750 1200 1900 900 2600 785 150350 6200 20000 43650 4562 6200 22000

4500 10000

Details F&F premises Debtors bank Cash In Hand Prepaid Expenses Stock Creditors Accrued Expenses 72250 125000 36100 45000 3000 1200 22000 18700 250 285600 283000 15000 13185 785 285600

Capital Loan Drawings net profit

Schedule of Debtors for XYZ for the last 5 years. Details Debtors Bad Debts Provision for Bad Debts 2008 30000 700 4% 2009 32000 800 5% 2010 30000 1100 4% 2011 34000 1500 5% 2012 38000 1200 5%

Prepare a Bad Debts & Provision for Bad Debts Account for the last 5 years.