Tonya Gook provides the following trial balance extracted from her books of account on 30 November 20*8:

Additional information at 30 November 20*8:

stock was valued at £6,236; accrued wages £368; advertising owing amounted to £267; commission receivable paid in advance was £150; insurance has been prepaid £142; rates have been prepaid £240; rent receivable owing amounted to £85.

Required

Prepare:

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

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Capital Drawings Equipment at cost Vehicle at cost Purchases Sales Returns inwards Returns outwards Carriage inwards Carriage outwards Stock 1 December 20*7 General expenses Wages Rent payable Insurances Advertising Motor expenses Electricity charges Rates Long-term loan Loan interest payable Rent receivable Commission receivable Trade creditors Trade debtors Bank Cash in hand Dr £ 32,784 28,000 22,000 79,842 571 460 1,386 7,968 3,968 79,870 5,600 1,610 3,330 22,361 2,467 2,590 3,500 14,628 1,725 32 314,692 Cr £ 53,660 196,432 615 45,000 2,815 4,800 11,370 314,692