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Question 4 Balance as at 31 December, 2016. Yaanom Enterprise is a retail shop located at the Junction Mall. Presented below is its Trial

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Question 4 Balance as at 31 December, 2016. Yaanom Enterprise is a retail shop located at the Junction Mall. Presented below is its Trial DR CR GH'000 GH'000 9,600 Land and Building Equipment and Furniture 6,400 Provision for depreciation: Building 720 Equipment and Furniture 1,920 Capital 19,696 Drawings 8,000 Investment in Government bond 4,000 Investment income received 200 20% long term loan 7,600 Interest on loan 760 Provision for doubtful debt 568 Bad debt 416 Sales 84,992 Purchases Trade receivables 44,800 Trade payables 16,000 Bank Cash in hand Return inwards Carriage outwards 8,320 2,120 40 5,680 General expenses 1,600 Salaries and wages Discount allowed Inventory as at 1/1/16 Discount received Rent and Rates 3,736 17,200 448 1,520 880 2,576 124,896 124,896

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