The following balances have been extracted from the accounts of Peya, a sole trader, for the period ended 31 March 2020.

N$

Sales 427,726

Carriage inwards 476

Wages and salaries 64,210

Carriage outwards 829

Purchases 302,419

Rent and rates 12,466

Heat and light 4,757

Stock at 1 April 2019 15,310

Drawings 21,600

Equipment at cost 102,000

Motor vehicles at cost 43,270

Provision for depreciation

- equipment 22,250

- motor vehicles 8,920

Debtors 50,633

Creditors 41,792

Bank 3,295 cr

Sundry expenses 8,426

Cash 477

Capital 122,890

The following information as at 31 March 2020 is also available:

(1) N$350 is owing for heat and light

(2) N$620 has been prepaid for rent and rates

(3) Depreciation is to be provided for the year as follows:

equipment at 10% on cost and motor vehicles at 20% on cost

(4) Stock at 31 March2020 isN$16,480

Required:

(a) Prepare the trial balance for Peya (before any adjustments) as at 31 March 2020. (7 marks)

(b) Prepare the trading and profit and loss accounts for Peya for the year ending 31 March 2020. (12 marks)

(c) Prepare the balance sheet for Peya as at 31 March 2020. (12 marks)