7. All machinery is written off over We years. A machine sold during the year for 10,000 was three years old and had originally cost 35,000. The proceeds from the sale of the machine were not banked, but Hilary kept the money for her own personal use. 3. The cost of machinery at 31 December 2014 was 175,000 and the net book yalue at that date was 100,000. No depreciation has yet been charged for the year to 31 December 2015. 0. Wages and salary payments include a salary of20,000 which Hilary paid to herself. 10.At 31 December 2015, 600 is due in respect of accountancy fees and 100 for advertising costs. 11.A customer ofTexas Bakery, who owed 1 .000, went bankrupt on 10 December 2015. 12. An allowance for doubtful debts amounting to 5% of receiyables is to be proyided for the year ended 31 December 2015. Hilary, the bookkeeper of Texas Bakery, had taken the sales day book heme to do some work. Unforlunately, she left the sales day book on the train and it has not been found. However, she has been able to proyide you with the following information for the year ended 31 December 2015: 1. All sales were credit sales. However, the last month's sales had not been posted to the accounts before the sales day book was lost. 2. A summary of the movements on the bank statements during the year reveals the following: Receipts Payments Money from customers 330,000 Machinery and equipment 42,500 Payments to payables {suppliers} 215,000 I General expenses 2,300 Rent 45,000 Electricity 0,000 Wages and salaries 60,000 Stationery 1,8?5 The balance on the bank account in the books of Texas Bakery amounted to 3,225 debit at 31 December 2015. At the 31 December 2014, the balance was 3,000 debit {i.e. money in the bank). 3. Rent is paid annually on 1 April and the payment for rent includes a prepayment for three months. The opening prepayment for rent at 1 January 2015 was 7,500. 4. At the 31 December 2015, 150 was owed in respect of electricity. 5. Sales are made at a mark-up of 70%. E. Receiyables at the 31 December 2014 totalled 45,000. Other relevant year end balances were as follows: 2015 2014 Inventory 15,000 14,400 Parables 15.300 1s,oso