Dr Cr Ghe Ghe Property as cost 120,000 Equipment at cost 80.000 Provisions for depreciation (as at 14 Jan 2018) On property 20,000 On equipment 38,000 Purchases 250,000 Sales 402,20 0 Inventories as at 1 January 2013 50,000 Discount allowed 18,000 Discount received 4.800 Retums out 15,000 Wages and Salaries 58.800 Bnd debts 4.600 Loan Interest 5.100 Other operating expenses 17,700 Trade creditors 36,000 Trade debtors 38,000 Cash on hand Bank 1,300 Drawings 24,000 Provision for doubtful debts 500 17% long-term loan 30,000 Capital as at December 2018 121,300 667,800 667,800 The following additional information as at 31" December 2018 is available Inventories as at the close of business has been valued at cost at Gh42,000 Accrued Wages and salaries are Ghe800