6.2 Study the scenario below and answer the following ques…

6.2 Study the scenario below and answer the following questions.     Farmer Stores recently appointed John as their new bookkeeper. John is inexperienced and could not compile the budget. He compiled the following list of expected income and expenses of Farmer Stores for April 2020: Stock purchases R9 200; Sales R16 895; Wages R4 200,Rental income R3 800; Water and electricity R985; Interest received R85 Commission income R510; Stationery R460; Advertising R1 100, Repairs R2 630. John also attached a copy of the bank statement which shows that there was an amount of R2 335 in the bank account on 1 April 2020.