3 The following trial balance has been extracted from Bush’s books of account as at 30 June 2004:

Notes:
There were no opening or closing stocks.
R = revenue items.
Required:

(a) Prepare Bush’s trading and profit and loss account for the year to 30 June 2004.

(b) Prepare a balance sheet as at that date.

Transcribed Image Text:

Name of account Dr Cr Bank (1) 5000 Capital (at 1 July 2000) (2) 11000 Cash (3) 1000 Drawings (4) 8000 Motor vehicle at cost (5) 6000 Motor vehicle expenses (6) (R) 2000 Office expenses (7) (R) 3000 Purchases (8) (R) 30000 Trade creditors (9) 4000 Trade debtors (10) 10000 Sales (11) (R) 50000 65000 65000