Debit Credit 40,000 10,000 8,000 6,700 Subsidiary ledger- Account Recievable Balance on 31 March RAK Limited Ferz International Wizcraft Limited Trens Inc Felton International 5,000 Subsidiary ledger- Account Payable Balance on 31 March ARF Limited 2,000.00 SMMAR international 2,700.00 Rudolph & Co 1,000.00 Smart Electronics 1,000.00 6,700.00 6,000.00 2,500.00 4,500.00 0.00 3,000.00 16,000.00 Account Title share capital long term note payalbe long term loan accounts payable accrued liabilities salaries and wages payable cash in hand cash in bank account recievable inventory office supplies prepaid rent accrued utilities sales COGS salaries expense utility expense rent expense | entertaiment discount 8,500 7,160 16,000 16.900 1,500 2,000 Required: 2,000 13,500 Prepare Balance sheet 31-Mar-17 Prepared Trading and Profit & loss Statement 8,100 15,000 6,000 3,000 1,000 40 85,200 85,200