From the following trial balance of C Worth after his first year’s trading, you are required to draw up a trading and profit and loss account for the year ended 30 June 20X8. A balance sheet is not required. 

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Trial Balance as at 30 June 20X8 Dr Cr Sales Purchases Rent Lighting and heating expenses Salaries and wages Insurance Buildings Fixtures Debtors Sundry expenses Creditors 4 23,803 854 422 28,794 3,164 105 50,000 1,000 3,166 506 1,206 Cash at bank Drawings Vans Motor running expenses Capital 3,847 2,400 5,500 1,133 65,900 95,900 95,900 Stock at 30 June 20X8 was 4,166.