Self-test Nadia owns a retail shop. The trading and profit and loss account and balance sheet are prepared annually by you from records consisting of a bank statement and a file of unpaid suppliers and outstanding debtors.

The following balances were shown on her balance sheet at 1 January 2009:
Creditors 937 Shop fittings (cost £1,800) at written down value 490 Stock in hand 535 Debtors 107 Cash at bank 192 The following is a summary of her bank statement for the year ended 31 December 2009:
Debtors’ payments banked 7,430 Payments to suppliers 6,024 Rent of premises to 31 December 2009 800 Sundry expenses 44 Advertising 72 Repairs 94 You obtain the following additional information:
(i) Stock in hand at 31 December 2009 was £1,021.
(ii) Debtors’ payments are banked daily. Nadia withdraws £100 per week for herself, and pays her assistant £52 per week prior to banking any payments from debtors.
(iii) Amounts outstanding are: £630 due to suppliers, £24 due in respect of sundry expenses, and £103 outstanding debtors.
(iv) Nadia took £130 worth of goods for her own use without payment.
(v) Depreciation on shop fittings is provided at 10 per cent of cost.
You are required to prepare Nadia’s trading and profit and loss account for the year ended 31 December 2009, and her balance sheet as at that date.
Note: All weekly amounts are paid for 52 weeks.