The trial balance of the company at 31 May 2019 was as follows: Meg's Magic Ltd Trial Balance as at 31 May 2019 CR 100 101 102 270 103 104 105 106 107 14 145 9 000 16 200 7980 60 000 150 000 90 575 620 540 DR Cash at bank 160 550 Debtors control 14800 Provision for doubtful debts Inventory 75 000 Warehouse Fittings 80 300 Accumulated depreciation - W/H Fittings Motor Vehicles (Delivery Vans) 62 500 Accumulated depreciation-m/vehicles Creditors control Accrued Expenses Loan Share capital Retained profits Sales Revenue Sales returns 3 900 Discount revenue Cost of goods sold 300 500 Depreciation Expense - W/H Fittings 6 765 Depreciation Expense - M/V 8 250 Discount expense 2620 Electricity expense 11 200 Income Tax expense 85 000 Interest expense 4 125 Motor Vehicle expenses 6 200 Rent expense 16 500 Sundry expenses 1 650 Telephone expense 2 250 Wages expense 135 000 GST Collected GST Paid 6 550 $983 660 200 250 260 300 310 400 401 402 500 501 502 503 504 505 506 507 SON 509 510 511 600 5850 9 100 610 $983 660 Schedule of Debtors as at 31 May 2019 Rose Ltd 2 400 Amaze Ltd 3 200 Just Ltd 1 700 Waffle Ltd 7500 $14 800 Schedule of Creditors as at 31 May 2019 Malt Ltd 1 300 Pump Ltd 7 600 Pines Ltd 1 900 Yaze Ltd 5 400 $16 200 The trial balance of the company at 31 May 2019 was as follows: Meg's Magic Ltd Trial Balance as at 31 May 2019 CR 100 101 102 270 103 104 105 106 107 14 145 9 000 16 200 7980 60 000 150 000 90 575 620 540 DR Cash at bank 160 550 Debtors control 14800 Provision for doubtful debts Inventory 75 000 Warehouse Fittings 80 300 Accumulated depreciation - W/H Fittings Motor Vehicles (Delivery Vans) 62 500 Accumulated depreciation-m/vehicles Creditors control Accrued Expenses Loan Share capital Retained profits Sales Revenue Sales returns 3 900 Discount revenue Cost of goods sold 300 500 Depreciation Expense - W/H Fittings 6 765 Depreciation Expense - M/V 8 250 Discount expense 2620 Electricity expense 11 200 Income Tax expense 85 000 Interest expense 4 125 Motor Vehicle expenses 6 200 Rent expense 16 500 Sundry expenses 1 650 Telephone expense 2 250 Wages expense 135 000 GST Collected GST Paid 6 550 $983 660 200 250 260 300 310 400 401 402 500 501 502 503 504 505 506 507 SON 509 510 511 600 5850 9 100 610 $983 660 Schedule of Debtors as at 31 May 2019 Rose Ltd 2 400 Amaze Ltd 3 200 Just Ltd 1 700 Waffle Ltd 7500 $14 800 Schedule of Creditors as at 31 May 2019 Malt Ltd 1 300 Pump Ltd 7 600 Pines Ltd 1 900 Yaze Ltd 5 400 $16 200