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The following list of balances is from the ledger of G. Lea, a sole trader as at March 31, 2006. You are required to: 1.
The following list of balances is from the ledger of G. Lea, a sole trader as at March 31, 2006. You are required to: 1. Prepare a trial balance from the information provided (5 marks) 2. Using the following additional information: .Stock at March 31, 2006, was valucd at \$42,900 + Wages and salaries accrued $2,100 and office expenses owing $200 at March 31, 2006 c. Rent Prepaid was \$1, 800 4. Provision for doubuful debts to be adjusted to $5,100 a. Provide for depreciation on the delivery vans at 20% per annum using the reducing balance method c. Provide for depreciation on the office equipment at 20% per annum using the straight-line method
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