Trial Balance as at 31 December 2020 Dr Cr $ $ Stock of raw materials 1.1.2020 21,000 Stock of finished goods 1.1.2020 38,900 Work in progress 1.1.2020 13,500 Wages (direct $180,000; factory indirect $145,000) 325,000 Royalties 7,000 Carriage inwards (on raw materials) 3,500 Purchases of raw materials 370,000 Productive machinery (cost $280,000) 230,000 Administration computers (cost $20,000) 12,000 General factory expenses 31,000 Lighting 7,500 Factory power 13,700 Administration salaries 44,000 Sales reps salaries 30,000 Commission on sales 11,500 Rent 12,000 Insurance 4,200 General administration expenses 13,400 Bank charges 2,300 Discounts allowed 4,800 Carriage outwards 5,900 Sales 1,000,000 Debtors and creditors 142,300 64,000 Bank 16,800 Cash 1,500 Drawings 60,000 Capital as at 1.1.2020 0 357,800 1,421,800 1,421,800 37.13 The trial balance has been extracted from the books of H Khan a Manufacturer, as at 31 December 2020. Notes at 31.12.2020: 1 Stock of raw materials $24,000; stock of finished goods $40,000; work in progress $15,000. 2 Lighting, rent and insurance are to be apportioned: factory 5/6, administration 1/6. 3 Depreciation on productive and administration computers at 10 per cent per annum on cost.