1. The following trial balance was extracted from the books of Quarantine Hotel Ltd at the close of business on 28 February 2017 DR CR GHO GHO Purchases and sales 90,800 155,165 Cash at hand 324 Cash at bank 4,100 Capital account 1 March 2016 11400 Drawings 17,100 Office furniture 2,900 Rent 3,400 Wages & salaries 31,400 Discount 820 160 Account receivable and A/c payable 12,316 5,245 Inventory 1 March 2016 4,120 Allowance for doubtful debt (1/2/16) 405 Delivery van 3,750 Van running costs 615 Bad debt written off 730 174 375 174375 Notes a. Inventory 28 February, 2017 GH2400 b. Wages and salaries accrued at 28 February 2017 GH340 c. Rent prepaid at 28 February 2017 GHc230, d. Van running cost owing at 28 February 2017 GH72. e Increase the allowance for doubtful debt by GH091. f. Provide for depreciation as follows Office furniture 6H380 Delivery Van GHc 1,250 Required Draw up profit and loss account for the year ended 28 February 2017 and a balance sheet as of 28 February 2017