Cr. Preparation of Financial Position The following is the trial balance of Hammond Limited as on 31-December, 2016 as follows: Dr. Stated capital (issued at GHCI per share) 425,000 Receivables & payables 154.000 90,000 Inventory 31 December 2015 68,000 Bank 210,000 Premises at cost 288,700 Machinery at cost 125,000 Motor vehicle at cost 105,000 Provision for depreciation at (31/12/2015) Premises 54,000 Machinery 36.000 Motor vehicle 21,000 Income surplus at (31/12/2015) 22.000 Capital reserve at (31/12/2015) 30,000 GRADUATE STUDIES Preparation of Financial Position Directors' remuneration 76,000 Sales 890,000 Purchases 527,000 Motor running expenses 3.800 Wages & salaries Repairs to machinery 2,900 Sundry expenses 3,000 1,568,000 1,568,000 4,600 Addition information: Inventory at 31 December 2016 was GHC88,000. Motor running expenses owing amounted to GHC150. The directors recommended on interim dividend of 10 pesewas (GHCO.10) per share to be paid in November 2016. This was paid but has not been recorded in the financial Cr. Preparation of Financial Position The following is the trial balance of Hammond Limited as on 31-December, 2016 as follows: Dr. Stated capital (issued at GHCI per share) 425,000 Receivables & payables 154.000 90,000 Inventory 31 December 2015 68,000 Bank 210,000 Premises at cost 288,700 Machinery at cost 125,000 Motor vehicle at cost 105,000 Provision for depreciation at (31/12/2015) Premises 54,000 Machinery 36.000 Motor vehicle 21,000 Income surplus at (31/12/2015) 22.000 Capital reserve at (31/12/2015) 30,000 GRADUATE STUDIES Preparation of Financial Position Directors' remuneration 76,000 Sales 890,000 Purchases 527,000 Motor running expenses 3.800 Wages & salaries Repairs to machinery 2,900 Sundry expenses 3,000 1,568,000 1,568,000 4,600 Addition information: Inventory at 31 December 2016 was GHC88,000. Motor running expenses owing amounted to GHC150. The directors recommended on interim dividend of 10 pesewas (GHCO.10) per share to be paid in November 2016. This was paid but has not been recorded in the financial