さ + Opening Stock 16,000 Capital 45,000 Salaries 13,000 Drawings 4,000 Carriage Inwards 500 Carriage Outwards 1,000 Sales Return 1,000 Purchase Return 700 Loan to Mr. Selly 11,000 Loan from Mr. Yao 7,000 Rent 1,300 Rent Outstanding 200 Purchase 40,000 Sales 73,100 Debtors 25,000 Creditors 8,000 Bad Debt 800 Reserve for Bad Debt 1,200 Discount Allowed/Received 600 Furniture 11,700 Wages 500 Insurance Premium 1,200 Rent by Sub-letting 800 Cash 700 Bank 8,000 Total 136,300 136,300 300 Additional information a. Closing Stock sh. 10,500, but the market value of closing stock was sh. 9,500. b. Insurance premium prepaid sh. 200. c. Loan to Mr. Selly given at 10% interest p.a. and loan taken from Mr. Yao carries 9% interest p.a. d. Depreciation is to be provided at 5% on furniture. Scanned with AnyScanner e. Goods worth sh. 500 have been taken by the proprietor for private use. f. Bad and doubtful debts are to be provided at 10%. Required; prepare i. Trading and P&L A/c for the year ending 31.12.2022 Balance sheet as on that date from the above trial balance (10 Marks) (5Marks)
