Shelley smith sell carpets. the following balance have been extracted from the book of account at Dec 31

Balance at Bank 3130

Capital at Jan 1 22500

Carriage inwards 1340

Discount allow 460

Discount receive 970

Drawings 10030

General expense 16450

Inventory at Jan 1 27170

Purchase 85210

Rent and Business rate 10160

Sale return 490

Purchase return 1520

Sale revenue 124380

Shop fitting

• at cost 8300
• Provision for depreciation 4500

Phone expense 1260

Trade Payable 10130

Additional Information

• Ending inventory 29210
• The shop fitting depreciation using straight line 5 year useful life. Expect to sell for 800 at the end of useful life
• Rent unpaid Dec 31 250
• Annual business rate at 1320. Three months paid in advance.