Analyse the following trial balance and then prepare final accounts for the financial year ended 31 May 1990.

Trial balance of B. White as at 31 May 1990 Sales Purchases Returns inward and returns outward Stock (1 June 1989)

Salaries Discount allowed and received Rent received Rates Insurance Carriage outwards Carriage inwards Premises Furniture and fittings Debtors and creditors Drawings Capital (1 June 1989)

Bank Note: Stock at 31 May was valued at £9,185.

£

30,780 797 4,680 27,200 426 526 315 350 198 55,500 7,000 1,565 7,000 1,589 137,926

£

79,700 1,457 349 655 4,765 51,000 137,926