Michael Atisse, a carpenter, has the following trial balance as at 31 December 2001.

Debit Credit

£ £

Work done 50,000 Purchases of materials 25,000 Opening stock of tools 650 Motor expenses 3,950 Debtors 1,000 Creditors 4,000 Cash at bank 3,600 Long-term loan 16,800 Building at cost 52,300 Motor car at cost 8,000 Computer at cost 6,300 Office equipment at cost 10,200 Business rates 1,300 Electricity 900 Interest on loan 1,600 Drawings 5,200 Telephone 1,200 Capital 50,000 120,800 120,800