is is

The following is an extract from the trial balance of an entity Lafford, at 30 September 20X1. purchases Inventory at I October 20XO Distribution costs Administrative expenses Irrecoverable debts written Off Hire of machinery Production wages Loan interest (loan repayable 20X9) Dividends received Warehouse machinery: Accumulated depreciation at I October 20XO Motor vehicles: Accumulated depreciation at 1 October 20XO sooo sooo 41,600 22.600 13.000 6,000 5,000 600 400 3,000 1,700 1 ,ooo the following information should also be taken account: (l) Closing inventory at 30 September 20X1 was $156 million. (2) Irrecoverable debts written off are to be included in administrative