Jones trial balance as at 31 October 2016

Prepare balance sheet and income statement

Question 2 Trial balance as at 31 October 2016 524,650 150,00045,000 Allowance for Depreciation: Equipment 0,000 420,1 1,600 Return outwards 4,200 151,000-Jo Returns inwards Discounts allowed and received 6% Bank Loan 2020 Loan interest Capital Account receivables Account payables 16,450 18,200r 6,100 12,300-620 7,000 General expenses 3,000 977,505977,505 3270 Questions continued on nest page