2.1. Transfer the data given below in the table provided in the answering block: Sales Less Cost of Sales Gross profit Add other Income Rent Income Bad debts recovered Less Operating Expenses Salaries Rent Expense Telephone Expense Depreciation Bad Debt Operating profit before Finance cost Less Interest paid Profit before Income Tax Less Income tax Net Profit R 1 580 000 (305 786) 10 500 500 (210 000) (12 000) (6 000) (15 000) (5 020) R Total ? ? (?) ? (18 000) ? (202 500) ??

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calculated missing information and Do Not Give Solution in image format ?.

2.1. Transfer the data given below in the table provided in the answering block:
Sales
Less Cost of Sales
Gross profit
Add other Income
Rent Income
Bad debts recovered
Less Operating Expenses
Salaries
Rent Expense
Telephone Expense
Depreciation
Bad Debt
Operating profit before
Finance cost
Less Interest paid
Profit before Income Tax
Less Income tax
Net Profit
R
1 580 000
(305 786)
10 500
500
(210 000)
(12 000)
(6 000)
(15 000)
(5 020)
R
Total
?
?
(?)
?
(18 000)
?
(202 500)
??
Transcribed Image Text:2.1. Transfer the data given below in the table provided in the answering block: Sales Less Cost of Sales Gross profit Add other Income Rent Income Bad debts recovered Less Operating Expenses Salaries Rent Expense Telephone Expense Depreciation Bad Debt Operating profit before Finance cost Less Interest paid Profit before Income Tax Less Income tax Net Profit R 1 580 000 (305 786) 10 500 500 (210 000) (12 000) (6 000) (15 000) (5 020) R Total ? ? (?) ? (18 000) ? (202 500) ??
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