On 1 May 20X8 Jenny Barnes, who is a retailer, had the following balances in her books: Premises £70,000; Equipment £8,200; Vehicles £5,100; Stock £9,500; Trade debtors £150. Jenny does not keep proper books of account, but bank statements covering the 12 months from 1 May 20X8 to 30 April 20X9 were obtained from the bank and summarised as follows:

It has been discovered that, in the year ending 30 April 20X9, the owner had paid into the bank all shop takings apart from cash used to pay 

(i) £408 miscellaneous expenses and 

(ii) £500 per month drawings.

At 30 April 20X9:

£7,600 was owing to suppliers for stock bought on credit.

The amount owed by trade debtors is to be treated as a bad debt. Assume that there had been no sales on credit during the year.

Stock was valued at £13,620.

Depreciation for the year was calculated at £720 (equipment) and £1,000 (vehicles).

You are asked to prepare trading and profit and loss accounts for the year ended 30 April 20X9.

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Money paid into bank: Extra capital Shop takings Received from debtors Payments made by cheque: Paid for stock purchased Purchase of delivery van Vehicle running expenses Lighting and heating Sales assistants' wages Miscellaneous expenses E 8,000 96,500 1,400 70,500 6,200 1,020 940 5,260 962