Question u | | cy. Mi V) | Transaction Assets a} Equity af ob 4 A Febery | 4 \e00 bon typo sales sacome = soo Waveatory boo haventory Fiesta |=‘ tte vane 43 500 trade paywhses ss sto invemtary 5 February [12300 trate vecevebies | }+t 30 salts in tome © wtd inventory ot cost of aules eppense sy Fobvasry |-165e inventery -1use drawing? - Feb ruary| - 530 inventory - sit trade poyccbies E Febeaary] + 1100 bank = (400 evade receivables © 74 Februr| +000 bank +600 defost pagabies 29 Flrwary 339 vaceiese expen 4320 onterne payables +970 wages expense | Jestve wages — payables J-1320 prepaid austime T1320 antic ey pense +5490 bunk “414 5 et wins : Jt 1095 peapeid non2) Giovsous Gardens « Income Staremant as ot te February 10 ts x Sares income 224 $00 4160012300 * 232 200 Less cost of sates 82 acy +8 00410 0 (3 540) Guess Profit ye 330 Operating Gx penses: | Woges expense 35 yoo + 5 200 Gs coo) Ruccims expense wage 2000 - 690 = 1926 (1320) Bent anpense pt yoo «2375 (de 318) Advertising expense asse (2390) Opera ray refit 1) 0g Taderese Expense 320 4 g3e0 (3200) Preeti t fee Price! He Bes———=X © 43 Goo ag opal ey gens a) 0) Wages: pakivengy trate Leng: - 39 3iisecne2, oper) oppense bY Weqatrvety [eV oem an epense , bon deeecase money 6 \usiness kd wot um velation bo Owner. Wogs is eegense only pu uk wae aloo pyeguid walhiny Lb anticase FSooetS | | a aswell. ) Rsie ous4) Giorstus Gardens: Statemens of ss at ao Feoruory 201 l rc Non- current asses: Vehicles 200 000 Comp ukers yo 000 Lurvent agaets: Trade veceiables (wi)| 84 38° Bank (we) 0 950 Laveatory (ws) ue 390 ws) Prepac osetime asieb 680 Prepaud ont ecsseb “49 Total Assets $19 049 Lewsey: Capivat aso eo Retained eerniag> | 44 189 304 189 Mon - curtent hhh Joc Ls ove Curread _hahili ties: byele page tes — {oa 90° cape i paygebies po apherest Payables as wages payebles + at fytak lauity J bobites| 4>4 W09 financrel porstionoll we Sb Fs0+ 1300 -1700 = $4 350 Wi by 600 +1600 - 2 206 + 1400 +600-S750 = 60 S50 Ws + NS Seo US 000 - $00 - 1040 -1660-539 45 500 Wa 2000 - 1320 =6¢0 ws i dao 46% yes ISG B05 ib TF) 000 + 3 gee * 60a 300Muestrcn 5 1) Adventure Trastiag : Seatement eof comprenensive Gs at ts Feprary tor Oales= income 122 200 Mess Cost of caves Cu 320) Gross profre it 89° Rent Zreowe 42° 200 Lit ovest meme 400 Advecesorny expense |(gico) s Traveonte expense (955) Soreries 2 woges expense{( ab 315) Suni cy__enpenses ( 590 Derivery expenses (a ote) Bu 820 Operating profies Trsuvance expense (u 500) Penod Profit for q3 incomeI 2) A dvenvuve Tralings finoncial position as at 28 Febvuery 2021 r Nien -cuvvensA Asset lana {90 goo bgui pment lo 00 Vehicles al Foo Find degesiv DEF oan 10 000 lurrent Assets Trade receivables 15 800 Bute 21 020 Tokel Assetr 17¢, 579 Courty - Capicat $5 450 Retatnee! barnirgr 93 420-300 ~ 89 120 Non -current teblties Loan > ABC Bante ae 000 lurrenk — Nabjhtves Taste — poyabier 25 0 Tie lywty 9 habhoes 15% 5703) | Adventure Twatling : changes 9 equiky as at 28 February 202) Gumiegs . Wobud Febnweny r029 Gap! bot Retai mul ~ r Balance (as 0 0 7 Soe qazugo | 43 v2° Torar _compnogive income 55 490 3 Caper contviputions | °° 49? = Drawings (300) |¢3 300% 35 uso | (e300) {ut 180 Tro nsactiens with oweer Rolance os at I” [59 USO 1ES 120 |!40 $70 y 202Question @ "Vlas. | Assets Equity Liabitity. | Wade, | 1 |a St COO vecieadines| | 45! 600 sade incomg 0 J +32 250 inventoq| |-32 260 cone of 4 Seles eepenrt L | +40 trode vee + YOoo sales income 0 $1900 inventory 4 (ge Cony of Sales J AY EE 3 |+6s 100 bowk 0 0 = = 61 100 evel peciou ls Yy [442 020 smventovy 0 142 000 tesla poyeetes S| -y2 000 bowk 0 “yr o00 eracle porte lee hee L ayiet toawrysion 0 vncowt + ~ 14 $00 bowk 0 0 414 $00 Stationery Ss | gested teeettivery |-l-p4 one atahiavery 6 expense Tees vane 1 | reece wank -tooe sent coponse | | stree—vevee “7° papadoe 10 | 30 000 band 0 730 000 tome | ” 0 41400 intevest | +700 interes erpense | payrties | LL | #5408 inventor, +8400 cap ital 0 13 | - 3000 bank = 9000 ~25 ease |_| 0 joy | |oesoe Stet ionery ? ~ 6500 stmt expense2) Kivapu > PvoFit ov Voss section of Statement of comprehensive income for year end 6 Feeruary tor Sates income: wd Judt 600 : Commission income: Cwrl] 84 U0o BO % Less cost of Sales expense ws Gross profier aa. tas > | Operacing Expenses? a s Wages eapense way] (Go 000) i Rene expense Cw) {(30 ove ) Stationery expense (w{Cre soo ) Operating Profic: on gas “Trtevese expense two] ©1300) Profit for Years 34 915 Wi + 4YS 006 151 GeO - Yoo = ual Goo Wi + 32 goo rruce = 3u use WE 149 5 6 37 160 -1s00 2308 295 Wu #42 906 + § 000 * 30 000 Ws : 98 000 * $000 = G0 C00 Wé + 4400 411 C00 + S00 + Le 300 Wt: 13200 +300 +13 Goo MH 128-19 FAS REF 425 profiv ee ee ie Re eee |3) Kitapus Seatemen® of change tn equity for gear end 28 Fevrury tort Capieat [Retained Gurnings | Tera! Balans qs ot 4 Mavch 2oar | 40 000 44 425 (44 425 Teal. compronensive ficome |. - Fie 19.29 et as Capital conrviloutions $ Yoo - Suco D Drawings mo (34 00) (34 G00) Transactions with owner | 9 soo (94 000) € - 31 coo Batance as at w February | 15 Uoo SO 928 126 525 doara) \W\capu + Stacement ef Cinancial position as at ag Feeruary 2022 Non curvene assees: Propevey , Plant & Equipment | 200 060 Brand 4o 000 Current Assets + Tvade veceivaties cw | 24 Goo Taventory Cw | 35 190 Bank Cw) 40 $00 Shakionery on Wand Kur) 1 800 Total Assees : 38% +50 Equity = Capital 45 Woo Recainea sarnings so 4a5 Noo -cuvvent Liabilities: Loan 40 000 Curvent Liabilities: Taverese Payavre 400 Trade payaotes (sy 3S 000 Totad tiawineies 4 equicy 132 018Trade vecievables Cw)? UT See -4 cco -61 100 491 coo +14 000 Stationery on hand Cwr): 6800 11u 800-12 000 -Gse0 = 1800 Inventory (wad t wrs88 18 Soo - 32.180 +1500 rut cco $8420.21 dy—-408 35 150 Bank (wu) ty voc 461 (90 € Wravem 4 tuce -1u $00 - F000 -30 000 + gece + He 10 B00 Trade payables Cws) 3S coo tur 000-4t ceo = 35000 Rent payavres Cwe) 6000 - GGee FO Taterest payabies (wr yoo 000 x F147 = 1000