The following trail balance was extracted from the books of ADOM ENTERPRISE on 31/12/2017 Sales Purchases...

 

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The following trail balance was extracted from the books of ADOM ENTERPRISE on 31/12/2017 Sales Purchases Stock 1/1/2017 Carriage outwards Return inwards Return outwards Salaries and wages Motor expenses Rent Sundry expenses Motor vehicles Fixtures and fittings Debtors Creditors Bank Drawings Capital DR 'GHS 000 23,112 7,552 652 880 4,894 1,328 1.152 2,404 4,800 1.200 8,154 7.752 240 4,100 69.688 The following additional notes have been given: 1. Stock at 31/12/17 was GHS9,996, 000 2. Rent prepaid is GHS157, 000 3. Sundry expenses accrued amounted to GHSS2, 000 CR "GHS 000" 37,200 710 6,090 25.688 69.688 4. Depreciation is provided at rate of 20% on cost. You are required to prepare: a. Trading, Profit and Loss account for the year ended 31/12/2017 b. Statement of financial position or Balance Sheet as at 31/12/2017 (20 Marks) The following trail balance was extracted from the books of ADOM ENTERPRISE on 31/12/2017 Sales Purchases Stock 1/1/2017 Carriage outwards Return inwards Return outwards Salaries and wages Motor expenses Rent Sundry expenses Motor vehicles Fixtures and fittings Debtors Creditors Bank Drawings Capital DR 'GHS 000 23,112 7,552 652 880 4,894 1,328 1.152 2,404 4,800 1.200 8,154 7.752 240 4,100 69.688 The following additional notes have been given: 1. Stock at 31/12/17 was GHS9,996, 000 2. Rent prepaid is GHS157, 000 3. Sundry expenses accrued amounted to GHSS2, 000 CR "GHS 000" 37,200 710 6,090 25.688 69.688 4. Depreciation is provided at rate of 20% on cost. You are required to prepare: a. Trading, Profit and Loss account for the year ended 31/12/2017 b. Statement of financial position or Balance Sheet as at 31/12/2017 (20 Marks)