Complete question 7.1 by drawing up a balance sheet as at 31 December 20X6.

Reference from in problem 7.1

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Trial Balance as at 31 December 20X6 Dr Cr Salaries Rent Sales Purchases Motor expenses Insurance General expenses Premises Motor vehicles Debtors Creditors 18,462 14,629 2,150 520 670 111 105 1,500 1,200 1,950 1,538 Cash at bank 1,654 Cash in hand 40 Drawings 895 Capital 5,424 25,424 25,424 Stock at 31 December 20X6 was 2,548.