Joan Hornby supplies the following information for the year ended 30 September 20*8:

Required

Prepare a trading and profit and loss account for the year ended 30 September 20*8 and a balance sheet at that date.

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Stock at 1 October 20*7 Purchases Sales Returns inward Rent Rates Insurance Light and heat Wages Motor expenses General expenses Carriage inward Carriage outward Debtors Creditors Land and buildings at cost Plant and machinery at cost Vehicles at cost Bank balance Cash in hand Bank loan (repayable 2030) Drawings Capital at 1 October 20*7 Stock at 30 September 20*8 £ 6,500 205,985 450,064 412 5,480 3,420 1,740 4,532 61,439 5,300 5,331 461 793 34,671 29,870 110,000 43,500 35,000 3,874 769 50,000 23,760 23,033 7,439