Question 3 LARRY'S LEATHER JACKETS prepares reports every 12 months. All inventory is marked up 150% on cost. LARRY'S LEATHER JACKETS EXTRACT FROM THE TRIAL BALANCE AS AT 30 JUNE 2017 DETAILS Fixtures and Fittings Accumulated depreciation of fixtures & fittings Accounts receivable Sales Loan - CBA (due $5,000 p.a.) Inventory Cost of sales Bank Accounts payable Salary expense Advertising expense Computer system Accumulated depreciation of computer system Wrapping materials DEBIT CREDIT 8,200 2,880 11,500 188,000 30,000 27,800 94,000 5,700 14,100 45,000 9,300 16,000 4,000 4,500 Additional information: 1. Advertising in June was $700 has has not been paid. 2. Computer is depreciated at 25% reducing balance method. . 3. Wrapping materials on hand are $750. . 4. Salary expense of S800 was incorrectly neeted to Aduartieing aunane