Dr Cr Directors' remuneration 59,200 Wages of salesforce 65,230 Office salaries 34,900 Advertising and website charges 15,300 Interest 2,502 Carriage out 632 Office expenses 33,897 Sales 462,600 Opening stock at 1 January 2000 14,900 Purchases 140.800 Share capital (50p nominal shares) 25,000 Share premium account 15,000 Bad debts written off 750 Profit and loss account as at 1 January 2000 12,600 Delivery vehicles, cost as at 1 January 2000 143,600 Depreciation of delivery vehicles at 1 January 2000 27,800 Trade debtors 64,100 Trade creditors 32,711 Debenture (repayable in 2012) 10,000 Provision for doubtful debts 1,600 Bank balance 11,500 587,311 587,311 Notes: 1 Closing stock at 31 December 2000 was 17,650. 2 Depreciation on delivery vehicles is chargeable at 30% on the reducing balance basis. 3 800 was owing for office expenses and 160 had been prepaid for website charges at 31 December 2000. 4 The provision for doubtful debts was to be decreased by 600. 5 Taxation amounting to 24,000 is to be provided for 6 The company is proposing a dividend of 10p per share. Dr Cr Directors' remuneration 59,200 Wages of salesforce 65,230 Office salaries 34,900 Advertising and website charges 15,300 Interest 2,502 Carriage out 632 Office expenses 33,897 Sales 462,600 Opening stock at 1 January 2000 14,900 Purchases 140.800 Share capital (50p nominal shares) 25,000 Share premium account 15,000 Bad debts written off 750 Profit and loss account as at 1 January 2000 12,600 Delivery vehicles, cost as at 1 January 2000 143,600 Depreciation of delivery vehicles at 1 January 2000 27,800 Trade debtors 64,100 Trade creditors 32,711 Debenture (repayable in 2012) 10,000 Provision for doubtful debts 1,600 Bank balance 11,500 587,311 587,311 Notes: 1 Closing stock at 31 December 2000 was 17,650. 2 Depreciation on delivery vehicles is chargeable at 30% on the reducing balance basis. 3 800 was owing for office expenses and 160 had been prepaid for website charges at 31 December 2000. 4 The provision for doubtful debts was to be decreased by 600. 5 Taxation amounting to 24,000 is to be provided for 6 The company is proposing a dividend of 10p per share