The following is a summary of Ellie's bank account for the year ended 31 December 2019:

All of the business takings have been paid into the bank with the exception of \(£ 34,900\). Out of this, Ellie has paid wages of \(£ 22,800\), drawings of \(£ 2,800\) and purchase of goods \(£ 9,300\).
The following additional information is available:

You are to draw up a set of financial statements for the year ended 31 December 2019. Show all of your workings.

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Balance 1.1.2019 Receipts from debtors Balance 31.12.2019 8,200 182,000 12,800 203,000 Payments to creditors for goods Rent Insurance Sundry expenses Drawings 136,200 7,800 2,940 1,260 54,800 203,000