The following trial balance was extracted from the accounting records of D. Dill, a sole trader, on 31 December 2020:
					/	/
Buildings - cost					297,000
Accumulated depreciation - buildings						59,400
Fixtures and fittings - cost					122,800
Accumulated depreciation - fixtures and fittings						25,800
Inventories at 1 January 2020					29,000
Trade receivables and payables					60,800	70,300
Term loan						26,000
Bank						18,000
VAT liability						11,200
Sales and purchases					267,000	564,740
Returns					39,410	32,040
Discounts					5,340	4,010
Carriage inwards					5,210
Carriage outwards					3,840
Electricity					4,890
Telephone, internet, and media costs					6,980
Insurance					3,340
Rates					7,370
Irrecoverable debts					5,580
Owner drawings					19,230
Owner equity capital						66,300
					877,790	877,790
The following information, which has not been accounted for above, is also available:
An inventory count took place on 31 December 2020. The closing inventories valuation amounted to /26,900.
On 31 December 2020, D. Dill received a cheque for /1,620 in relation to an irrecoverable debt previously written off.
The term loan of /26,000 is due for repayment in full on 15 March 2021.
On 1 October 2020, an additional building costing /66,900 was purchased. This was financed by a new term loan due for repayment no sooner than 2025.
Allowance to be made for depreciation as follows:
Buildings			3% straight line
Fixtures and fittings			18% reducing balance
The depreciation policy is to expense depreciation on a monthly basis. Depreciation should be calculated to the nearest whole number.
/1,210 of insurance in the trial balance relates to the year from 1 June 2020 to 31 May 2021.
/1,480 in rates charges should be accrued at 31 December 2020.
Prepare D. Dill's income statement for the year ended 31 December 2020.							17
Prepare D. Dill's statement of financial position at 31 December 2020.							15
Draft the accounting journals to record the adjustments arising in notes 1 to 7 above where required.							14