Mr. Buju, has been in business for some time now, as a timber merchant. The information below has been extracted from his books as at 30 June 20X4, the end of the accounting period.

K

Capital at start 1 July 20X3 121,900

Trade payables 19,000

Sales 280,000

Returns outwards 13,000

Discounts allowed 2,000

Discounts received 1,500

Fixtures and fittings @ cost 120,000

Depreciation fixtures & fittings 12,000

Trade receivables 24,000

Inventory 1 July 20X3 50,000

Purchases 135,000

Returns inwards 5,000

Carriage outwards 4,000

Drawings 18,000

Carriage inwards 11,000

Rent 7,000

Rates 8,000

Insurance 10,000

Heating & lighting 12,000

Postage 500

Stationery 700

Telephone 400

Advertising 5,000

Salaries & wages 35,000

Bad debts 1,500

Cash in bank 6,000

Cash in hand 300

5 year loan from Banda 20,000

Inventory at 30 June 20X4 17,000

Required:

Prepare the Trial balance as at 30 June 20X3 Total (20 marks)