Toby Moore provides the following trial balance extracted from his books of account on 31 July 20*8.

Additional information at 31 July 20*8:

stock was valued at £9,315; insurance has been prepaid £58.

Required

Prepare:

a) A trading and profit and loss account for the year ended 31 July 20*8
b) A balance sheet at 31 July 20*8.

Transcribed Image Text:

Stock 1 August 20*7 Sales Purchases Returns inwards Returns outwards Drawings Capital Wages Motor expenses Insurance General expenses Premises at cost Machinery at cost Vehicle at cost Trade debtors Trade creditors Bank overdraft Cash in hand Dr £ 8,756 54,731 453 25,000 34,770 1,443 880 4,119 65,000 16,000 7,400 811 282 219,645 Cr 134,908 612 76,810 2,678 4,637 219,645