Q6. The following trial balance has been extracted from the books of Abrantier Enterprises as at 31^st May 2019

Dr Cr

Gh Gh

Advertising 46,000

Bank 6,000

Cash 2,000

Capital 1,114,000

Discount allowed 2,000

Discount received 12,000

Drawings 340,000

Electricity 26,000

Investment 80,000

Investment income received 8,000

Office equipment 200,000

Trade Creditors 104,000

Other creditors 16,000

Trade debtors 130,000

Other debtors 30,000

Machinery 400,000

Purchases 428,000

Purchases return 28,000

Sales 1,260,000

Sales return 60,000

Stationery 18,000

Wages 774,000

2,542,000 2,542,000

Required

a) Prepare a Profit and Loss Account/Income Statement for Abrantier Enterprises for the period ended 31^st May 2019 and

b) Balance Sheet at that date

NB. No beginning and no closing stock