3. BELOW ARE THE BALANCES EXTRACTED FROM THE LEDGER ACCOUNTS. PREPARE TRAIL BALANCES. Cash in Hand 4,500 Bank Overdraft 8,000 Opening Stock 20,000 Purchases 80,000 Purchases Returns 2,000 Sales 1,30,000 Sales Returns 5,000 Travelling Expenses 1.800 Discount Allowed 600 Discount Received 1,500 Machinery 24,000 Land & Buildings 50,000 Debtors/Accounts receivable 18,400 Creditors /accounts payable 8,500 Bills Receivable 2.850 Bills Payable 1,650 Capital 60,000 Drawings 6,000 Rent 3,700 Salaries 3,600 Loan (Cr.) 10,000 Interest on Loan paid 1,200