jpg 4 820 Open with 1. The following us Extracted from the Book on Quarantine Hotel Ltd at the close of business on 28 February 2017. DR CR GHE GHE Purchases and sales 90.800 155.165 Cash at hand 324 Cash at bank 4.100 Capital account 1 March 2016 11.400 Drawings 17.100 Office furniture 2,900 Rent 3,400 Wages & salaries 31,400 Discount 160 Account receivable and Ne payable 12,316 5,245 Inventory | March 2016 4,120 Allowance for doubtfuldeht (1/2/16) 405 Delivery van 3.750 Van running costs 615 Bad debt written of 730 174 175 174175 Notes a. Inventory 28 February, 2017 GH2400 b. Wages and salaries accrued at 28 February 2017 GH4340 c. Rent prepaid at 28 February 2017 GH230. d. Van running cost owing at 28 February 2017 GHd72. e. Increase the allowance for doubtful debt by GH 91. f. Provide for depreciation as follows. Office furniture GH 380 Delivery Van GH 1.250 Required Draw up profit and loss account for the year ended 28 February 2017 and a balance sheet of 28 February 2017 120 marks