Self-test Ella has prepared a trading account showing a gross profit of £56,900. She asks you to prepare a profit and loss account for her as she is not sure what has to be shown in that account. The following is an extract of balances that she thinks are relevant.

Extract of balances at 30 June 2010 Motor expenses 3,140 Interest receivable 2,980 Bank charges 720 Wages 1,360 Rent payable 5,870 Discount received 1,040 Insurance 3,800 Postages 1,010