Accounting

• H2O Health Pte Ltd was set up on 1 January 2021 by Siti Sarah. The company sells a range of water filters and conducts short nutrition courses.

Below are the Profit and Loss Statement and Balance Sheet for the business after 12 months of operations. Siti needs your help to check and prepare the corrected classified Profit and Loss Statement and Balance Sheet.

• A0% (A is the 4^th digit of your admin number) of the salaries are for salesmen and the remaining are for office staff.
• A bank loan of $B,000 (B is the 5^th digit of your admin number) is due on 17 August 2022. The balance is due on 25 June 2024.