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Page 5 The following balances are taken from the books of North East Technologies for December 2021: Discount received $ 11,000 Sales $ 499,000 Trade
Page 5 The following balances are taken from the books of North East Technologies for December 2021: Discount received $ 11,000 Sales $ 499,000 Trade Receivables $ 24, 150 Return inwards $ 10,500 Purchases $ 283,400 Trade Payables 46,000 Premises $ 52,500 Drawings $ 16,000 Carriage inwards $ 6,350 Capital $ 245, 150 Furniture & Fixtures $ 50,000 Printing & Stationery $ 4,000 Dividends received $ 15,000 Investments $ 300,000 Directors' Fees $ 60,000 Return outwards $ 6,000 Rental deposit $ 24,500 Bank overdraft $ 28,750 Cash in hand $ 19,500 Required: Prepare a Trial Balance for North East Technologies as at 31 December 2021. (10 marks) [Total: 25 marks]
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