Homework answers / question archive / The trial balance and additional information given below were obtane from the records of Powe Traders on 24 February 2016, the end of the financial year REQUIRED Use the trial balance, adjustments and additional information to prepare the Statement of Comprehensive Income for the year anded 29 February 2016

The trial balance and additional information given below were obtane from the records of Powe Traders on 24 February 2016, the end of the financial year REQUIRED Use the trial balance, adjustments and additional information to prepare the Statement of Comprehensive Income for the year anded 29 February 2016

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The trial balance and additional information given below were obtane from the records of Powe Traders on 24 February 2016, the end of the financial year REQUIRED Use the trial balance, adjustments and additional information to prepare the Statement of Comprehensive Income for the year anded 29 February 2016. Use the following format Credit R 290854 182 112 190 000 91 000 67.000 Statement of Comprehensive Income format Balance sheet accounts section Cola Drawings Land and buildings Vehides at axl Equiment al cost Accumulated depreciation on wenidas Accumulated depreciation on equipment Trading Inventory Debtors canal Frov sion for bad debes Bank Cash float Petty cash Crucilors contro Luan: Met Bank (16) 23 800 46000 34000 1900 Sales Cost of sales Gross profit Other operating income 2230 500 100 30428 21 600 421 000 Gross operating income Operating expenses 233006 6000 41 000 2300 20 000 Nominal accounts section Salos Costolice Salaseurs Wages Bank charcos Rent income Packing maleries Advertising Pales Had debits Discount lowed Discount received Slacnery Intorslonloon Water and clecintay Insurance Telephone 12 000 6.000 2 600 900 500 700 9.000 2970 7 000 5000 Operating profil Interest incomo 7 000 897212 8472 Net profit for the year