3.2 From the following data, construct a trading account for the year ended 31 October 2012.

£
Sales 17,424

Purchases 12,342

Returns inwards 123

Returns outwards 432

Carriage inwards 787

Opening inventory 3,189

Closing inventory 4,123

3.21 From the following data, construct a statement of comprehensive income for D Hirst for the
year ended 31 December 2014.
£
Sales 143,244

Purchases 105,400

Returns inwards 780

Returns outwards 1,010

Carriage inwards 650

Opening inventory 14,300

Closing inventory 17,630

Advertising 3,230

Insurance 2,767

Wages 22,321
 Rent received 1,899

Carriage outwards 812

3.22
From the following balances, construct the statement of comprehensive income for P Warhurst
for the year ended 31 December 2003.
£
Sales 243,233

Purchases 165,764

Returns inwards 2,122

Returns outwards 3,413

Carriage inwards 1,898

Opening inventory 43,545

Closing inventory 39,898

Heating costs 2,865

Office salaries 16,754

Wages 26,323

Rent and rates 8,778

Carriage outwards 976

From the following data construct a statement of comprehensive income for R Millward for the
period ended 31 December 2014, and a statement of financial position as at that date.
Dr Cr
$ $
Sales 78,678
Purchases 56,545
Carriage outwards 666
Inventory as at 1 January 2014 8,984
Machinery 15,000
Fixtures and fitting 8,450
Trade receivables 9,876
Trade payables 5,676
Bank overdraft 5,344
Gas and electricity 4,212
Wages 14,234
General expenses 1,254
Advertising 3,221
Capital 48,740
Drawings 9,899
Maintenance 2,667
Commission received 870
Equipment 4,300
### ###
Additional information:
(a) Inventory at 31 December 2014 was valued at £5,467.
(b) Carriage inwards accounts for £321 of the total carriage expense.

NET LOSS ###

1 October 2012.

Sales 17,424.00
less return wards - 123.00

LESS COST OF GOODS SOLD

Opening inventory 3,189.00

Add purchases 12,342.00

carriage inwards 787.00
Less Closing inventory - 4,123.00
Purchase return - 432.00

11,763.00 - 11,763.00

Gross profit 5,538.00

for D Hirst for the

ncome for P Warhurst

or R Millward for the

at that date.