B ) If Alisons closing stock figure is valued at 3,200, what is her gross profit?

Question 3 Jing started a business on 1 August 2017. The transactions for her final month of trading, July 2017, are: 2 Jul Sells goods on credit for 1,500 to Alan- 3 Jul Buys goods for resale for 750 paying by cheque 7 Jul Alan returns goods costing 1504 12 Jul Sells goods for cash for 600 which is paid into the bank 18 Jul Pays wages of 120 by cheque 20 Jul 21 Jul 28 Jul Buys goods on credit for 800 from Chen Jing withdraws 250 worth of goods for her own use Pays Chen 350 by cheques Required: a) Record the transactions in the ledger accounts provided below, close off the accounts and prepare a trial balance at 31 July. When you close off the accounts you should clearly show any amounts to be carried down or recorded in the profit and loss account. NOMINAL LEDGER Bank Capitale 1 Jul Bal b/d 2,500 1 Jul Bal b/d 10,000 2 to 2 Purchases Trade Creditors 1 Jul Balb/d 16,000 Jul Bal b/d 6,500 el Trade Debtors Sales 1 Jul Bal b/d 4,200 1 Jul bal b/d 30.800 Equipment Wages 6,400 1 Jul Bal b/d 15,600 1 Jul Bal b/d ttttt Drawings Sales Returns In 1 Jul Bal b/d 7,200 1 Jul Bal b/d 400 e e