Note: Remember to use the blank 7.5X The following is a list of balances taken from the ledgers of C. Travares as at 31 July 2008, the end of the financial year. C. Travares List of Balances as at 31 July 2008 $ 29,150 243,800 509,450 3,805 2,655 6,620 5,750 76,500 9,250 13,600 10,500 3,005 15,000 Stock at 1 August 2007 Purchases Sales Returns inwards Returns outwards Discounts allowed Discounts received Wages and salaries Lighting and heating Telephone, stationery and advertising Motor expenses General expenses Rates and insurance Motor vehicles: At cost Accumulated depreciation Fixtures and fittings: At cost Accumulated depreciation Creditors Debtors Drawings Cash in hand Cash at bank Capital Land and buildings 20,000 5,000 22,100 9,945 21,900 31,700 22,325 995 10,985 114,635 150,000 The following additional information is available as at 31 July 2008: a) Motor expenses owing $200. b) Insurance paid in advance $3,500. c) Closing stock was 30,700 3 Depreciate motor vehicles at 25% and fixtures and fittings at 15% per annum using the straight You are required to take the above adjustments into account and prepare the figures for the final accounts of C. Travares for the year ended 31 July 2008, using the extended trial balance. line method