scholes shoes ltd is a retailer for kids school shoes and they have produced the following unadjusted trial balance:

Scholes shoes ltd

trial balance as at December 31, 2018

Account Name	Debit	Credit
cash	1,500,000
accounts receivable	1,200,000
allowance for bad debt		100,000
merchandise inventory	400,000
store supplies	90,000
prepaid insurance	1,600,000
building	10,000,000
accumulated depreciation building		3,000,000
fixtures and fittings	1,200,000
accumulated depreciation fixtures and fittings		240,000
accounts payable		900,000
wages payable
mortgage		2,500,000
scholes capital		6,500,000
scholars withdrawals	150,000
sales revenue		7,305,000
sales discount	65,000
sales returns and allowances	130,000
cost of goods sold	3,000,000
wages expense	870,000
insurance expense
depreciation expense building
depreciation expense fixtures and fittings
supplies expense	70,000
utilities expense	180,000
bad debt expense
travelling expense	65,000
interest expense	25,000
	20,545,000	20,545,000

the following