(a)[3]
Calculate the balance at bank to be shown in the statement of financial position at 31 December 2017.
(b)[4]
Prepare a full trade receivables account for the year ended 31 December 2017 to show how much Finn was owed at the year end.
(c)[4]
Prepare a full trade payables account for the year ended 31 December 2017 to show the total discount Finn took.
(d)[4]
Prepare a cash account for the year ended 31 December 2017 to show how much was paid for other operating expenses.
(e)[9]
Prepare the income statement for the year ending 31 December 2017.
(f)[4]
Advise Finn whether he ought to employ a book-keeper costing $500 a month. Justify your answer.
(g)[2]
State two reasons why a trader may keep a provision for doubtful debts.