Tom, a greengrocer, wishes to prepare his profit and loss account for the year ended 31.10.X5 and balance sheet as at that date.

During the year he has made the following payments:

► Rent £1,200 for the period 1.1.X5 to 31.12.X5.

► Wages £1,020, £20 owing as at 31.10.X5.

General expenses £470, £50 owing as at 31.10.X5.

► Electricity for three quarters £900.

► Telephone rental, quarterly in advance, £18 paid 1.11.X4, 1.2.X5, 1.5.X5, 1.8.X5, and 28.10.X5.

► Telephone calls, quarterly in arrears, £55 1.2.X5, £65 1.5.X5, £60 1.8.X5.

Show the ledger accounts for all these payments and balance them off at the year end, 31.10.X5. Clearly show the matched transfer to the profit and loss account for the period and identify where balances, if any, on these ledger accounts will appear in the balance sheet.