J Evans has kept records of his business transactions in a single entry form, but he did not realise that he had to record cash drawings. His bank account for the year 20X8 is as follows:

Records of cash paid were: Sundry expenses £122; Trade creditors £642. Cash sales amounted to £698.
The following information is also available:

You are to draw up a trading and profit and loss account for the year ended 31 December 20X8, and a balance sheet as at that date. Show all of your workings.

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Balance 1.1.20X8 Receipts from debtors 1,890 Cash withdrawn from bank 5,400 44,656 Trade creditors 31,695 Loan from T Hughes 2,000 Rent 2,750 Rates 1,316 Drawings 3,095 Sundry expenses 1,642 Balance 31.12.20X8 2,648 48,546 48,546