E Wilson is a manufacturer. His trial balance at 31 December 20X2 is as follows:

Prepare the manufacturing, trading and profit and loss accounts for the year ended 31 December 20X2 and a balance sheet as at that date. Give effect to the following adjustments:

1. Stocks at 31 December 20X2: raw materials £14,510; finished goods £44,490. There is no work in progress.

2. Depreciate machinery £3,000; office equipment £600; van £1,200.

3. Manufacturing wages due but unpaid at 31 December 20X2 £550; office rent prepaid £140.

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Delivery van expenses Lighting and heating: Factory Office Manufacturing wages General expenses: Factory Office Sales reps: commission Purchase of raw materials Rent: Factory Office Machinery (cost £40,000) Office equipment (cost £9,000) Office salaries Debtors Creditors Bank Sales Van (cost £6,800) Stocks at 31 December 20X1: Raw materials Finished goods Drawings Capital £ 1,760 7,220 1,490 72,100 8,100 1,940 11,688 57,210 6,100 2,700 28,600 8,200 17,740 34,200 16,142 6,200 13,260 41,300 24,200 360,150 4 9,400 194,800 155,950 360,150