LFS00AC1 Foundation Studies: Accounting 1 - Assessment Test 4

Question 2 (28 marks)

Sally’s Boutique has provided you with the following extract of their accounting information at 30 June 2020:

Required

1. Complete the Income Statement for Sally’s Boutique for the year ended 30 June 2020
2. Complete the Owner’s Equity extract of the Balance Sheet as at 30 June 2020

Note - You must include headings and all relevant sub-total and totals in your reports.

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