Miles Bike Shop-Accounts Balances as at 31^st December 2019

+ liles Bike Shop - Accounts Balances as at 31st December 2019 Accounts RM Sales 260,000 Purchases 180,000 Purchase Return 8,000 Sales Return 9,200 Discount received 3,000 Inventory as at 1st Jan 2019 20,000 Trade receivable 35,800 Trade payable 15,000 Wages and salaries 20,000 Rent expenses 13,500 Utilities expenses 2,700 Stationeries 1,200 Commission received 9,000 Carriage inwards 2,000 Carriage outwards 3,500 Fixtures and fittings, at cost 25,000 Motor vehicle - Van, at cost 50,000 Accumulated depreciation - motor vehicle 5,500 Insurance expenses 4,800 Drawings 4,200 Capital 60,000 Long term loan 30,000 Bank balance 18,100 Petty cash in hand 500