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28.10A. J wright a sole trader, exracted the following trial balance from his book at the close of business on 31 March 20X9. DR
28.10A. J wright a sole trader, exracted the following trial balance from his book at the close of business on 31 March 20X9. DR CR th Purchases and sales Stock 1 April 20X8 Capital 1 April 20X8 Bank overdraft Cash Discounts 61,420 127,245 7,940 25,200 2,490 140 2,480 62 Returns inwards Returns outwards 3,486 1,356 Carriage outwards 3,210 Rent and insurance 8,870 Provision for doubtful debts 630 Fixtures and fittings 1,900 Van 5,600 Debtors and creditors 12,418 11400 Drawings Wages and salaries General office expenses 21,400 39,200 319 168,383 168,383 Notes: (a) Stock 31 March 20X9 6,805. (b) Wages and salaries accrued at 31 March 20X9 3,500; Office expenses owing 16. (c) Rent prepaid 31 March 20X9 600. (d) Increase the provision for doubtful debts by 110 to 740. (e) Provide for depreciation as follows: Fixtures and fittings 190; Van 1,400. Required: Prepare the trading and profit and loss accounts for the year ended 31 March 20X9 together with a balance sheet as at that date.
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