Extract a trading and profit and loss account for the year ended 30 June 19X8 for F Kidd.

The trial balance as at 30 June 19X8 after his first year of trading was as follows:

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Dr Cr Rent 1,560 Insurance 305 Lighting and heating expenses 516 Motor expenses 1,960 Salaries and wages 4,850 Sales 35,600 Purchases 30,970 Sundry expenses 806 Motor vans Creditors Debtors Fixtures 3,500 3,250 6,810 3,960 Buildings 28,000 Cash at bank 1,134 Drawings 6,278 Capital 51,799 90,649 90,649 Stock at 30 June 19X8 was 9,960.