Self-test The following is an extract of the trial balance of Brenda at 31 December 2009.

You are required to prepare the balance sheet, having already determined that the net profit for the year amounted to £21,100.

Trial balance at 31 December 2009 Bank 700 Creditors 6,900 Bank loan due 2010 7,000 Debtors 30,000 Investments 2,800 Machinery: at cost 42,000 Accumulated depreciation – machinery, at 1 January 2009 19,400 Owner’s capital 38,200 Provision for doubtful debts 800 Vehicles: at cost 8,000 Accumulated depreciation – vehicles, at 1 January 2009 5,600 Closing stock 15,500 Net profit for the year 21,100

£99,000 £99,000