J. C. Lewis: Trial Balance as at 31.12.09 Dr Cr 22,400 1.200 4.300 10.000 5.000 6,000 25,000 Capital Cash Creditors Equipment Motor Vehicles Debtors Long Term Loan Drawings Furniture Heating Miscellaneous Expenses Purchases Sales Inventories at 1.01.09 Wages 5.500 18.000 1.500 6,700 52,000 79,000 7,000 17.800 130,700 130,700 Note: Inventories at 31.12.09 12.000 Cr Account Q. From the following extract from a trial balance, use the relevant amounts to calculate the Gross Profit. NB. The closing inventory (stock) figure is always shown as a separate note at the bottom of a trial balance. Mr Heavy. Trial Balance (Extract) as at 31st Dec.2009 Dr Capital 20.000 Sales 15,000 Drawings 5,200 Purchases 8.500 Rent 1.500 Stock (at 1st Jan 2009) 2,000 Wages 7.300 etc. etc. Notes The stock (inventory) remaining at 31st Dec. 2009 was valued at 2.500. A