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Mich Company is an electronic store listed in United Arab Emirates. The following items are the account balances as at 31 May 2020: AED Bank

Mich Company is an electronic store listed in United Arab Emirates. The following items are the account balances as at 31 May 2020:

AED

Bank

350,000

Cash

15,100

Account receivable

100,300

Dividends

18,000

Interest income

12,000

Sales

328,600

Insurance

36,000

Equipment

440,000

Vehicle

80,000

Salaries and wages

60,900

Account payable

37,750

Rental

54,000

Common stock

739,255

Purchases

234,800

Return inwards

6,680

Return outwards

5,300

Utilities

22,100

Bank loan

300,000

Miscellaneous expenses

5,025

Prepare a trial balance as at 31 May 2020. (5 marks)

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