On 31 March 20-8 the following trial balance was taken from the books of James Conway: Trial
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On 31 March 20-8 the following trial balance was taken from the books of James Conway:
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Trial balance as at 31 March 20-8 DR CR 38,200 Capital on 1 April 20-7 Cash at bank Cash in hand Debtors 13,326 234 15,808 Creditors 13,864 Stock at 1 April 20-7 Motor van 16,940 7,000 Sales 45,736 Purchases 28,435 Telephone 672 Insurance 593 Premises 12,000 Rates 764 Loan J. Graham 5,000 General expenses 316 Wages 4,800 Motor expenses 412 Drawings 1,500 102,800 102,800 Stock at 31 March 20-8 was 15,420
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