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4.10 The following trial balance has been extracted from the books of Garswood as at 31 March 2010: Dr Cr Advertising 2300 Bank 300 Capital

4.10 The following trial balance has been extracted from the books of Garswood as at 31 March 2010: Dr Cr Advertising 2300 Bank 300 Capital 55 700 Cash 100 Discounts allowed 100 Discounts received 600 Drawings 17 000 Electricity 1300 Investments 4.000 Investment income received 400 Office equipment 10 000 Other creditors 800 Other debtors 1.500 Machinery 20 000 Purchases 21400 Purchases returns Sales 1.400 63 000 Sales returns Stationery 3000 900 Trade creditors. 5 200 Trade debtors 6.500 Wages 38 700 127 100 127 100 Required Prepare Garswood's trading and profit and loss account for the year to 31 March 2010 and a balance sheet as at that date. ASUS

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