QUESTION 1 (40 marks) Gabex Electronics buys and sells computer accessories and also offers computer training to business clients. The firm's financial year - end is 31 December. Gabex Electronis pre-adjusted trial balance as at 31 December 2021 Dr Cr Capital Retained earnings 557 196 454 654 Bank loan (12%) 283 200 Furniture and equipment, at cost 306 800 Motor vehicles, at cost 442 500 Investment: Fixed deposit account 148 680 Inventory (1 January 2021) 342 200 Trade receivables 238 714 135 936 44 722 Prepaid insurance Stationary on hand Cash at bank Trade payables Sales Fees income Interest income Purchases Sales returns Drawings Carriage outwards (delivery costs) Rent, water and electricity expenses Salaries and wages Salaries and wages Telephone expenses Interest expense 213 698 510 940 220 188 1 165 840 280 840 7 434 50 740 64 546 18 290 175 584 148 916 25252 67 850 33 984 2 969 352 2 969 352