The Following Balances were taken from the Books of Smith Trader as of $28$th February $2022.$

Balances Amount $($s$)$

Capital $$500,000\mathrm{.}00$

Opening Stock $$50,000\mathrm{.}00$

Debtors $$200,000\mathrm{.}00$

Machinery $$100,000\mathrm{.}00$

Cash $$50,000\mathrm{.}00$

Investments $$100,000\mathrm{.}00$

Sales $$450,000\mathrm{.}00$

Purchases $$300,000\mathrm{.}00$

Creditors $$50,000\mathrm{.}00$

Land $$200,000\mathrm{.}00$

Purchase Return $$10,000\mathrm{.}00$

Sales Return $$6,000\mathrm{.}00$

Wages $$4,000\mathrm{.}00$

During the month of March $2022,$ the following Transactions were Recorded:

Transactions Amount $($$$)$

Goods sold on Credit $$160,000\mathrm{.}00$

Goods Purchase on Credit $$100,000\mathrm{.}00$

Purchase Return $$5,000\mathrm{.}00$

Sales Return $$4,000\mathrm{.}00$

Drawing $$10,000\mathrm{.}00$

Question $2$

From the following balances extracted from the books of Mr$.$ XYZ prepare Trial Balance as on $31$st March, $2022.$

Closing Stock $$10,000$

Cash in hand $$14,200$

Outstanding Expenses $$4,400$

Prepaid Expenses $$1,400$

Accrued Income $$3,000$

Cash at Bank $$16,800$

Bills Receivable$ $28,000$

Bills payable $$36,000$

Sundry debtors $$54,600$

Sundry creditors$ $62,400$

Capital $$1,60,000$

Drawings Computers$ $28,000$

Sales$$2,05,000$

Purchases $$1,75,000$

Carriage Inward $$2,700$

Salaries $$12,000$

Advertisement $$2,400$

Insurance $$1,600$

Furniture $$7,500$

Opening Stock $$18,600$

Office Rent $$2,000$

Investment $$1,00,000$