The following trial balance has been prepared from the

books #8202
The following trial balance has been prepared from the books and records of Sulphur Products
as at 30 September 20X3. We are also told that the figures have to be amended to take into
account further adjustments (see below).Additional information1. A bad debt of £2,000 has yet
to be written off.2. The provision for doubtful debts is to be 3 per cent of trade receivables.3.
There are unpaid bills for electricity £200 and telephone £300.4. Rent is payable at £3,300 per
quarter, and has been paid until the end ofNovember 20X3.5. The value of inventories at 30
September 20X3 is £16,500.6. Depreciation is to be provided on Plant and Equipment (25 per
cent reducing balance method).RequiredPrepare a statement of profit and loss for Sulphur
Products for the period ending 30 September 20X3 and a statement of financial position at that
date. (An adjusted trial balance is not required. Show all the adjustments to the ledger
accounts).View Solution:
The following trial balance has been prepared from the books

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