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Question 3 The following is the Trial Balance of Mykel Enterprise, a dealer in Microsoft Software, as at 3 1 s t December, 2 0

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Question 3
The following is the Trial Balance of Mykel Enterprise, a dealer in Microsoft Software, as at 31st December, 2020
\table[[Capital,,684,625],[Receivables and Payables,238,500,118,500],[Inventory,148,500,],[\table[[Motor Vehicle (cost)],[Accumulated depreciation (31-12-2019)]],108,750,48,750],[\table[[Office Equipment (cost)],[Accumulated depreciation (31-12-2019)]],135,000,45,000],[Administration expenses,39,000,],[Purchases and sales,365,625,490,5],[Employee benefits,49,500,],[Selling expenses,30,000,],[Plant: (Cost),187,500,],[\table[[Accumulated depreciation (31-12-2019)],[Discounts]],11250,\table[[56,250],[18,750]]],[Investment income,,]]
5
\table[[Returns,18,000,22,500],[Cash and cash equivalents,189,000,21,500],[Allowance for receivables (31-12-2019),,],[Bad debts,1,546,850??,1,546,875??
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