Table.3: List of ledger accounts Account name K'000 Stock of raw materials-01/01/2020 2,100 Stock of finished goods-01/01/2020 3,890 Work in progress-01/01/2020 1,350 Wages (Direct K18,000,000; Factory indirect K14,500,000) 32,500 Royalties 700 Carriage inwards (on raw materials) 350 Purchases of raw materials 37,000 Productive machinery (cost K28million) 23,000 Office equipment (cost K2million) 1,200 General factory expenses Lighting Factory power Administrative salaries Salesmen salaries 3,100 750 1,370 4,400 3,000 Commission on sales 1,150 Rent 1,200 Insurance 420 General administration expenses 1,340 Bank charges Discount allowed Carriage outwards Sales Debtors 230 480 590 100,000 14,230 Creditors Bank Cash Drawings Capital -01/01/2020 12,500 5,680 150 2,000 29,680