358 28.9 The trial balance for a small business at 31 August 20x8 is as follows: f f Stock 1 September 20x7 8,200 Purchases and Sales 26,000 40,900 Rent 4,400 Business rates 1,600 Sundry expenses 340 Motor vehicle at cost 9,000 Debtors and creditors 1,160 2,100 Bank 1,500 Provision for depreciation on motor vehicle 1,200 Capital at 1 September 20x7 19,700 Drawings 11,700 63,900 63,900 At 31 August 20x8 there was: Stock valued at cost prices 9,100 Accrued rent of 400 Prepaid business rates of 300 The motor vehicle is to be depreciated at 20% of cost Required: 1 The adjustments to the ledger accounts for rent and business rates for the year to 31 August 20x8. 2 A trading profit and loss account for the year ending 31 August 20x8, together with a balance sheet as at that date. 28.10A Wright, a sole trader, extracted the following trial balance from his books at the close of business on 31 March 20X9: Dr Cr f f Purchases and sales 61,420 127,245 Stock 1 April 20x8 7,940 Capital 1 April 20x8 25,200 Bank overdraft 2,490 Cash 140 Discounts 2,480 62 Returns inwards 3,486 Returns outwards 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 11,400 Drawings 21,400 Wages and salaries 39,200 General office expenses 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