1. Sani trading company extracted the following balances from its books on 31st December 2010. Capital 24,000 Office furniture and equipment 8,000 Accumulated Depreciation (Furniture & Equipment) 3,276 Cash drawings 5,000 Stock on hand 1/1/2010 4,000 Purchases 20,600 Sales 41,200 Rent 430 Insurance 570 Salaries 700 Telephone & Postage 1,400 Discount allowed 500 Discount Received 900 bad debts Debtors 9,240 Petty cash 700 Provision for doubtful debts 260 Carriage inward 200 Creditors 6,450 Carriage outward 120 Returns inward 1,210 Returns ward 960 Land and Building 21,000 Bank 3,046 330 Required: From the extracted balance, prepare a trial balance for the year ended 31st December 2010 (7 marks) 2. 2. What are the relationships between sales day book, sales ledger and sales account