Bm em en Sales 84,000 Lesh : SGKS_teturas (499) #6010 Net Sales a= : Luis: cost of sales santas Opening Inventory =e eee 7,900 Purchases 56,000 = Less: Purchases returns (850) Discount rectivicl (33990) - | sh 420 Carriage inwards So import _buty 1,050 Cost of Goods availary for sale | 60,470 Less + Chasing Inventory (H600) ($3,870) Gross Profit a 35,140 | Add + \ncame % _ Rint received - 4700 Gotnmission received S,600 _ Antereat on xed deposit 00 z 11,000 Ls: Expenses oe Interest on loan cod al Carriage Qutwards 460 | Salaries expense 6,00 Advertising expense 3,400 | Rent expense. ‘oo | Gintra\_ expanse - 4Y¥o (1% 000 ) Net Profit 34, 140 \— Unt___Sabatum Trading _ Stattmint of Financial Position ae of 31 Pleembtr 2018 Nen-curread Assets office Equipment Premises - = jad Rm 4,00 3t,000 SU Fixed peposit 1/00 SHO Curent Asif Ciesing Inventory a Account _Recewaoue Cash at Bank | [Financed by ~ Owner's Equity | capiten CS Add : Net Profit US + Drawiegs 4S, Sh0 ay, 140 (300) | Ain cument Gia bilites — 2 yars Lean from Public Bank curtnt abuts {Account Payable __