Question 3 Trial balance of is as follows SEC LTD as at the year ending 31/12/2021 DR CR GHC GHC 5% Debentures (2025-2028) 60,000 Bank 20,000 Building repairs and maintenance 2,260 Carriage Inwards 4,200 Purchases 95,000 Sales 128,500 Donations Received 6,400 9,650 4,425 4,110 Debtors Discount Allowed Discount Received Electricity Expense 540 Retained Earnings 1/1 2,883 Investment income 3.520 Long Term Investment-cost 12.500 Motor Vehicle (Accumulated Depreciation) 45,000 Motor Vehicle (cost) 70,000 Opening stock 3,800 Refreshments 1,420 Rent expense 1,900 Rent Income-Sublets 3,520 Repairs furniture repairs 1,640 Return Inwards 1,230 Return Outward 1,580 Salaries Sanitation 9,500 358 Short term Investment 15,400 Stated Capital 12,000 Stationary Expense 780 Telecommunication expenses 470 Trade Creditors 6,900 Travelling and transport 620 Vehicle repairs and maintenance 400 Depreciation 12,000 Debenture Interest 3,000 Water expenses 3,320 274,413 274,413 Additional Information 1) Closing stock was determined as 27,500 GHC