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Lecture 3 ACC205 Chansa owned a Departmental Store with three departments. From the following information prepare Chansa's Trading Account for the year ending December 31,

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Lecture 3 ACC205 Chansa owned a Departmental Store with three departments. From the following information prepare Chansa's Trading Account for the year ending December 31, 2021. Inventory Electrical Department Furniture Department Leisure goods Department January 1, 2021 P 7 000 18 300 13 700 December 31, 2021 P 8 900 17 100 21 300 Sales for the year Electrical Department Furniture Department Leisure goods P 28 600 74 100 38 600 Purchases for the year Electrical Department Furniture Department Leisure Department 17 100 64 800 37 600

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