1 The trial balance for a small business at 31 August 20X8 is as follows: 3 Yen 40,900 4 Inventory 1 September 20x7 5 Purchases and Sales 5 Rent 7 Business rates 3 Sundry expenses 3 Mortor vehicle at cost 0 Debtors and creditors 1 Bank 2 Provision for depreciation on motor vehicle 3 Capital at 1 September 20x7 4 Drawings Yen 8,200 26,000 4,400 1,600 340 9,000 1,160 1,500 2100 1,200 19,700 11,700 63,900 63,900 6 7 At 31 August 20x8 there was: 8 O Inventory valued at cost prices 9,100 yen 9 O Accrued rent of 400 yen 20 O Prepaid business rates of 300 yen 21 The motor vehicle is to be depreciated at 20% of cost 23 Required: 24 1 The adjustments of the ledger accounts for rent and business rates for the year to 31 August 20X8. 5 2 A trading profit and loss account for the year ending 31 August 20x8, together with a balance sheet as at that date. 1 The trial balance for a small business at 31 August 20X8 is as follows: 3 Yen 40,900 4 Inventory 1 September 20x7 5 Purchases and Sales 5 Rent 7 Business rates 3 Sundry expenses 3 Mortor vehicle at cost 0 Debtors and creditors 1 Bank 2 Provision for depreciation on motor vehicle 3 Capital at 1 September 20x7 4 Drawings Yen 8,200 26,000 4,400 1,600 340 9,000 1,160 1,500 2100 1,200 19,700 11,700 63,900 63,900 6 7 At 31 August 20x8 there was: 8 O Inventory valued at cost prices 9,100 yen 9 O Accrued rent of 400 yen 20 O Prepaid business rates of 300 yen 21 The motor vehicle is to be depreciated at 20% of cost 23 Required: 24 1 The adjustments of the ledger accounts for rent and business rates for the year to 31 August 20X8. 5 2 A trading profit and loss account for the year ending 31 August 20x8, together with a balance sheet as at that date