Seok Chin provides the following trial balance extracted from her books of account on 30 April 20*8:

Additional information at 30 April 20*8:

stock was valued at £26,449; wages owing amounted to £2,007; rates have been prepaid £342.

Required

Prepare:

a) A trading and profit and loss account for the year ended 30 April 20*8
b) A balance sheet at 30 April 20*8.

Transcribed Image Text:

Long-term loan Capital Drawings Premises at cost Equipment at cost Vehicles at cost Purchases Sales Returns inwards Returns outwards Carriage outwards Rates Wages Motor expenses Telephone General expenses Stock 1 May 20*7 Trade debtors Trade creditors Bank overdraft Cash in hand Dr £ 26,500 80,000 23,000 84,000 238,056 1,453 1,323 1,660 73,009 32,540 3,760 8,116 23,510 34,534 377 631,838 Cr £ 120,000 72,318 407,843 573 23,665 7,439 631,838