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> 5 nt excersice t 10:04 AM XClinic company was set up 5 years ago to provide services to its customers. The trial balance of

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> 5 nt excersice t 10:04 AM XClinic company was set up 5 years ago to provide services to its customers. The trial balance of the XClinic as at 31 December 2008 is as follows: trial Belance Debit Credit 1,000,000 Revenue 570,000 expanh Cost of sales Event Administration expenses 20.000 300,000 Land 550.000 Set Buildings 220,000 Buildings-Accumulated depreciation- at 1st January 2008 800,000 Equipment 320,000 100,000 Equipment. Accumulated depreciation at Mest 1st January 2008 Asset Trade receivables Ace Recieuebles Asat Inventory-at 31 December 2008 200.000 100,000 Bank Asub 400,000 Trade pavables ty 600,000 Ordinary shares $1(capital) 100,000 Enity tained Retained earnings at 1st January 2008 2,640,000 2,640,000

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