GS of 31 December 2012: Particulars Dr. Amount $Ct. Amount 226,000 Capital 219,600 Purchases 16,000 208,000 Purchases return 8,000 Sales 72,000 Sales return 10,000 12,200 Stock on 1January 2012 14,200 4000 Cash in hand 6.000 Salaries Rent MacBook Commission received Discount earned