QUESTION 1 [20 MARKS] B Otse, a sole trader, extracted the following trial balance from his books at the close of business on 31 July 2018. Debit Credit Purchases Sales Capital Bank Cash 65, 240 137, 425 45, 845 20,000 200 Discount allowed Returns Inwards 2,400 3,580 Returns outwards 1,400 Carriage inwards 2,410 Rent 6,780 Provision for doubtful debts 500 Office furniture 5,600 Motor van 15,000 Accounts Receivables Accounts Payables Drawings 12, 300 10, 500 19, 600 Salaries and wages General expenses Total Notes i. Closing inventory 31 March 2017 P6, 500 ii. Accrued salaries and wages P5, 000 42,000 560 195, 670 195, 670