Question 2 Trial balance of is as follows MEM LTD as at the year ending 31/12/2021 DR CR GHC GHC 5% Debentures (2025-2028) 80,000 Bank 15,600 Building repairs and maintenance 3,000 Carriage Inwards 4,200 Purchases 78,000 Sales 150,000 Donations to charities 6,000 Debtors 28,400 Electricity Expense 1,560 Retained Earnings 1/1 30,120 Investment income 6,800 Long Term Investment-cost 68,700 Motor Vehicle (Accumulated Depreciation) 45,000 Motor Vehicle (cost) 90,000 Office Equipment-Accumulated Depreciation 13,500 Office Equipment Cost 27,000 Provision For bad debts 31/12 2,400 Refreshments 3,000 Rent expense 600 Repairs furniture repairs 2,480 Return Outward 3,620 Salaries 8,460 Salesmen commission 1,490 Sanitation 650 Stated Capital Stationary Expense 5,000 380 Trade Creditors 15,000 Travelling and transport 620 Vehicle repairs and maintenance 700 Depreciation 7,600 Debenture interest 4,000 352,440 352,440 Additional Information 1) Closing stock was determined as 12,800 GHC