Jay Shah has the following balances as at 31 December in his accounts.

Required:
(i) Jay Shah’s trial balance as at 31 December.
(ii) An indication of which balances are assets, liabilities, equity, income or expenses.

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Equity 45,300 Purchases returns 500 Motor car 3,000 Bank 3,600 Building 70,000 Electricity 1,400 Office furniture 400 Business rates 1,800 A. Smith (trade receivable) 250 Rent 1,600 J. Andrews (trade payable) 350 Wages 3,500 T. Williams (trade payable) 550 Long-term loan 9,000 G. Woolley (trade receivable) 150 Revenue 100,000 Purchases 70,000