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the following balances are in the trial balance prepared on 12/31/2019 for Jones Business Company 30,000 stock in the first period 600,000 purchases 20,000 expenses

the following balances are in the trial balance prepared on 12/31/2019 for Jones Business Company

30,000 stock in the first period

600,000 purchases

20,000 expenses for the transportation of goods

900,000 sales

50,000 wages and salaries

40,000 rent management office

10,000 wrapping and packing expenses

20,000 advertising expenses

50,000 miscellaneous revenues

700,000 buildings

20,000 furniture

11,000 receivables

40,000 cash in the safe

180,000 in bank cash

1,000,000 capital

50,000 creditors

If you know that the stock of the last period was estimated at 100,000

Required:

Preparing a trading account

Preparing profit and loss account

Budget preparation

No hand writing please

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