$($B$)$

All the balances in the nominal ledger at $25$ December $2020$ apart from the bank

balance and issued share capital were as follows:

REQUIRED:

Prepare a trial balance at $25$ December $2020.$

$($C$)$

The residual value of the motor car is estimated at $4,000.$ Depreciation is provided

on the vehicle at $25\%$ on a straight$-$line basis.

The directors wish to set the doubtful debt provision at $1\%$ of trade receivables.

The bookkeeper's wages for the last two weeks of the year amounting to $200$ had not

been paid at the year$-$end.

REQUIRED:

Prepare the income statement for the year ended $25$ December $2020$ and balance sheet

at that date.