The following information is available for the year ended 30 June 20*8 for Jay: stock at 1
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The following information is available for the year ended 30 June 20*8 for Jay:
stock at 1 July 20*7 £12,641; stock at 30 June 20*8 £10,673; purchases £132,785; sales £410,006; purchase of office equipment £3,450; returns inwards £421; returns outwards £650; carriage inwards £48; carriage outwards £769.
Required
Prepare a trading account for the year ended 30 June 20*8.
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