Question 4 The Account Balance has been extracted from the books of Angel Lorraine as at 30 June 2013 : Angel Lorraine Trial Balance as at 30 June , 2013 Advertising* $19, 620 Cartage Inward 1 , 090 Cartage Outward 8, 720 Bank 17, 440 Discount Allowed 872 Furnitures & Fittings 13, 080 Insurance* 30, 520 Light & Power 2, 180 Motor Vehicles* 28, 340 Office Equipment 10, 900 Purchases 135 , 160 Rates and Taxes 13, 7:34 Rent 10. 90.0 Sales Return 3, 270 Salaries - Sales 65 , 400 Salaries - Office* $1, 0140 Accounts Receivable* 63, 000 GET Paid 10, 030 Stationery 2, 180 Telephone* 2, 834 Inventory ( 01/07 /2012) 47, 960 Discount Received 6, 104 Purchase Returns 5 , 540 Sales 294, 750 Accounts Payable 20, 100 GET Collected 13, 036 Owner's Equity* 202, 740 Closing Inventory at 30 /05 / 2013 was $ 102, 133