Answer the following question on compary accounts The following balances were obtained from the books...
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Answer the following question on compary accounts The following balances were obtained from the books of the New Horizon plc as of December 31.2017: Additional Information: a. Provide for depreciation as follows: fixtures and fittings 10% on straight line motor vehicles 10% reducing balance. Depreciation charges should be apportioned equally between admin and selling and distribution b. Wages and salaries owing by 15,000 ; insurance prepaid by 3,000 c. In addition to the preference share dividends, account for final ordinary share dividends is proposed at 0.01c per share d. The following appropriation of the expenses must be made e. Write off 25% of the goodwill f. Corporation taxis estimated at 30,000 g. Transfer 15,000 to general reserves Required: Prepare the income statement, statement of change in equity and the statement of financial position for publication at year end Show notes where appropriate
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