The balances extracted from the books of Cara Van at 31 December 20X9 are given below:

Required
a. Prepare the trial balance.
b. What is the missing account?
Additional information
At 31 December 20X9:
1. Inventories are valued at £33,990.
2. Rent amounting to £310 is still owing.
3. Insurance paid in advance is £220.

Required
c. Prepare the statement of performance for the year ended 31 December 20X9 and a statement of financial position at that date, after adjusting for the other information that has come to light.

Transcribed Image Text:

Drawings Heating and lighting Stationery and postage Carriage outwards Insurance Wages and salaries Inventories at 1 January 20X9 Purchases Sales revenue Rent and rates General expenses Discount received Plant and machinery Cash at bank Cash in hand Trade receivables Trade payables Sales returns Purchases returns £ 7,180 1,234 268 1,446 1,818 18,910 42,120 74,700 131,040 2,990 1,460 426 9,060 3,222 65 1,920 630 1,310 747