Question 4 The trial balance of Target, a limited liability company, at 31 May 2016 was as follows: Dr Cr $000 $000 Revenue Discounts received 3,500 80 Discounts allowed 70 Bank balance 147 Buildings at cost 1,040 Buildings, accumulated depreciation, 1 June 2004 160 Plant at cost 1,200 Plant, accumulated depreciation, 1 June 2004 400 Land at cost 345 Purchases 2,170 Returns inwards Returns outwards Heating and lighting Administrative expenses Trade payables Trade receivables Carriage inwards Wages and salaries 15 17 270 60 1,030 700 105 250 10% Loan notes 580 General reserve 35 Allowance for doubtful debts, at 1 June 2004 30 Director's remuneration 60 Retained earnings at 1 June 2004 115 $1 Ordinary shares 800 Inventory at 1 June 2004 515 Share premium account 200 6.947 6.947