Question 2 The following trial balance has been extracted by the book-keeper of ABC at 30th September 2018 DR CR GH GHE Sales 188,900 Sales returns 1,810 Purchases 79,310 Carriage inwards 2120 Returns outwards 1120 Carriage outwards 420 Rent and rates 30,800 Insurance 780 Salaries 20,400 Motor expenses 6,200 General expenses 7.450 Bad debts 240 Bank 1,250 Drawings 12,100 Motor vehicles 20,000 Accumulated depreciation for motor vehicles 7,400 Equipment 48,050 Accumulated depreciation for Equipment 15,780 Stock at 1st October 2017 6,200 Debtors 15,000 Creditors 17,880 Bank 1,250 Capital 20,000 Discounts 240 2,540 253,620 253,620 Additional information 1. Closing stock was valued at GHC4,600 II. There are accruals for; General expenses GHC 4.200, salaries GHC2,400 and motor expenses of GHC 1,050 III. Prepayments have been made for rent GH3,900, insurance GHC1,250. IV. Vehicles are to be depreciated at 20% per annum and equipment at 10% per annum (both using the straight line method) Required: a) Prepare, for ABC, the Statement of profit or loss for the year ended 30th September b) Prepare for ABC, the Balance Sheet as at 30th September 2018