Antonia's trial balance at 31 December 2003 was as follows.

Further information 

1. Stock at 31 December 2003 was valued at $8000. 

2. The loan was received on 1 April 2003 and is repayable in 2006. Interest is charged at 10% per annum. 

3. Expenses owing at 31 December 2003 were as follows. 

4. Rent in the sum of $800 was prepaid at 31 December 2003. 

Required 

(a) Prepare the Trading and Profit and Loss Account for the year ended 31 December 2003. 

(b) Prepare the Balance Sheet at 31 December 2003.

Transcribed Image Text:

Sales Purchases Sales Returns Purchases Returns Wages Rent Heating and Lighting Motor Expenses Interest on Loan Stock Trade Debtors Trade Creditors Bank Loan Premises Motor Vehicles Drawings Capital Lamen $ 62 400 7:300 w i terlapon cow / topy 17 310 3 200 2 772 1 284 5 055 24 000 7 400 $ 120 000 101 Invoo0,00 woll El 5.660 012 440 9105b njignstean to muro 156 357 4 190 NIGH Bril Hy 6 167 10 000 noitebs7036 smiltripist 16 000 156 357