L Stokes drew up the following trial balance as at 30 September 20X8. You are to draft the trading and profit and loss account for the year ended 30 September 20X8 and a balance sheet as at that date.

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Dr Cr Capital Drawings 30,955 8,420 Cash at bank 3,115 Cash in hand 295 Debtors 12,300 Creditors 9,370 Stock 30 September 20X7 23,910 Van 4,100 Office equipment 6,250 Sales 130,900 Purchases 92,100 Returns inwards 550 Carriage inwards Returns outwards Carriage outwards Motor expenses Rent Telephone charges Wages and salaries Insurance 215 307 309 1,630 2,970 405 12,810 492 Office expenses Sundry expenses 171,532 1,377 284 171,532 Stock at 30 September 20X8 was 27,475.