Suppose the following balances were extracted, on 20th April, 2017, from the books of account of a small business firm which process liquid milk into various milk products such as cheese and powdered milk. Classify these accounts into nominal, real and personal accounts and prepare a trial balance of this firm as on the 20th April, 2017. Item Amount (ZMW) Capital 470,200 Machinery 158,000 Cash in hand 6,000 Debtors 48,000 Building 320,000 Repairs 5,300 Begging Stock 33,000 7 | P a g e Insurance premium 3,300 Creditors 26,000 Sales 280,000 Returns in-wards 10,000 Commission paid 750 Telephone charges 6,450 Rent & Rates 6,300 Furniture 11,000 Purchases 165,000 Returns out-wards 10,000 Discount earned 1,100 Salaries 70,600 Loan from ZANACO 51,000 Discount allowed 650 Drawings 5,000 Bills receivable 8,600 Bad debt 1,350 Bills payable 26,000 Carriage in-wards 2,000 Carriage out-wards 3,000