Question 1 The Following Balances were taken from the Books of Smith Trader as of 28 th February 2022. During the month of March 2022, the following Transactions were Recorded: From the following balances extracted from the books of Mr. XYZ prepare Trial Balance as on 31 st March. 2022. Closing Stock $10,000 Cash in hand $14,200 Outstanding Expenses $4,400 Prepaid Expenses $1,400 Accrued Income $3,000 Cash at Bank $16,800 Bills Receivable\$28,000 Bilis payable $36,000 Sundry debtors $54,600 Sundry creditors $62,400 Capital $1,60,000 Drawings Computers $28,000 Sales\$2,05,000 Purchases $1,75,000 Carriage Inward $2,700 Salaries $12,000 Advertisement $2,400 Insurance \$1, 600 Furniture $7,500 Question 1 The Following Balances were taken from the Books of Smith Trader as of 28 th February 2022. During the month of March 2022, the following Transactions were Recorded: From the following balances extracted from the books of Mr. XYZ prepare Trial Balance as on 31 st March. 2022. Closing Stock $10,000 Cash in hand $14,200 Outstanding Expenses $4,400 Prepaid Expenses $1,400 Accrued Income $3,000 Cash at Bank $16,800 Bills Receivable\$28,000 Bilis payable $36,000 Sundry debtors $54,600 Sundry creditors $62,400 Capital $1,60,000 Drawings Computers $28,000 Sales\$2,05,000 Purchases $1,75,000 Carriage Inward $2,700 Salaries $12,000 Advertisement $2,400 Insurance \$1, 600 Furniture $7,500