|
The following trial balance has been extracted from the ledger of A.J.Well, a sole trader as at 31 may 20x9, the end of her most recent financial year
Trial balance at 31 may 20x9
$ $
Property at cost 90000
Equipment at cost 57500
Provision for depreciation(20X8,06,01)
— property 12500
— equipment 32500
Stock as at 20x8 27400
purchases 259600
sales 405000
discount allowed 3370
discount received 4420
wages&salaries 52360
bad debt 1720
loan interest 1560
carriage out 5310
other operating expenses 38800
trade debtors 46200
trade creditors 33600
provision for bad debt 280
cash on hand 151
bank overdraft 14500
drawing 28930
13% loan 12000
capital as at 20x8 98101
———— ————
612901 612901
|
|