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 2.2. 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) ?? Complete the table provided by calculating and inserting the missing fields.

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 2.2. 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) ?? Complete the table provided by calculating and inserting the missing fields.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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