BIU.A.XX, A.S . ACCOUNTS CREDIT Capital 102,500 Sales 198,000 Creditors 15,000 Bills Payable 500 Discount 1,000 Furniture 12,50 Plant and machinery 43,500 Goodwill 12,500 Salaries 10,000 Rent and Rates 4,500 Opening stock: Materials 12,500 Work in progress 4,500 Finished goods 18,500 Power 9,000 Direct Wages 52,500 Publicity 2,000 Bad Debts 1,500 Bank Charges 300 Cash 1,750 Bank 9,650 Drawings 16,000 Trade Debtors 25,000 Factory Expenses 1,150 Insurance 2,000 Factory Lighting 1,200 Selling Expenses 2,700 Purchase of Materials 85,000 317,000 317,000 Closing Stock materials: 8,500, work-in-progress: 5,000 and finished goods: 24,000 Required: Prepare Trading & Profit and Loss account for the year ended 30 June 2017 2) Prepare Balance Sheet as on 30 June 2017 Words 137 Spell Check