35.3 Following is a summary of Kelly's bank account for the year ended 31 December 20x7: E Balance 1.1.20x7 405 Payments to creditors for goods 29,487 Receipts from debtors 37,936 Rent 1,650 Balance 31.12.20x7 602 Rates 890 Sundry expenses 375 Drawings 6,541 38,943 38,943 All of the business takings have been paid into the bank with the exception of 9,630. Out of this, Kelly has paid wages of 5,472, drawings of 1,164 and purchase of goods 2,994. The following additional information is available: 31.12.2006 31.12.20x7 Stock 13,862 15,144 Creditors for goods 5,624 7,389 Debtors for goods 9,031 8,624 Rates prepaid 210 225 Rent owing 150 Fixtures at valuation 2,500 2,250 You are to draw up a set of final accounts for the year ended 31 December 20x7. Show all of your workings