Plant and Machinery Motor Vehicles Premises Wages $ 21 450 26 000 80 000 42 840 119 856 Purchases Sales Rent Received Telephone, printing and stationery Accounts Payable 179 744 Accounts Receivable Bank Overdraft Capital Drawings General Expenses Lighting and heating Motor Expenses Inventory (1 January 2020) Discount Received Returns Inwards Interest Received Returns outwards Commission Received Cash in hand Taxes Expense Inventory (31 December 2020) Table 2. 3 360 3 600 27 200 30 440 2216 ? 10 680 3 584 2 960 2 360 9 000 7 000 8 500 20 000 3 200 5 300 12 000 6.000 15 000 Required: A. Prepare a Trial Balance as at 31 December 2020 for Arusha James. (17 marks) Additional information at 30 September 2019 i. ii. iii. Inventory was valued at $13,700 Wages were accrued $720 Insurance was prepaid $390 iv. v. vi. Prepare: Rent Received was due $250 Depreciation should be provided as follows: a. b. Furniture and equipment 20% per annum using the Reducing Balance Method Shop premises 2% per annum using the straight-line method The provision for doubtful debts should be maintained at 5% of Accounts Receivables A. an Income Statement for the year ended 30 September 2019. B. a Statement of Financial Position as at 30 September 2019. (Total 20 marks)