Question $1$

$24$ Marks

ABC Traders has the following accounts in their ledgers as of February $292024.$

$\backslash$table$[[$Ledger Accounts,Amounts $($NS$)],[$Cash$,20,000],[$Accounts Receivable,$15,000],[$Inventory$,10,000],[$Prepaid Subscription,$5,000],[$Property$,$ Plant and Equipment,$50,000],[$Accumulated Depreciation,$5,000],[$Accounts Payable,$12,000],[$Loans$,20,000],[$Capital$,30,000],[$Accumulated Profit,$8,000],[$Sales$,60,000],[$Cost of Sold,$18,000],[$Rent Expense,$2,000],[$Water Expense,$1,200],[$Salaries Expense,$3,000],[$Bank Charge,$800],[$Advertising Expense,$1,500],[$Insurance Expense,$700],[$Depreciation Expense,$2,000],[$Stationery Expense,$1,000],[$Electricity Expense,$3,000],[$Interest Expense,$400],[$Telephone Expense,$1,400],[,]]$

Prepare a trial balance as of February $292024.$