TWO [45] The pre-adjustment trial balance of XYZ Limited is presented as follows: Description Debit Credit Ordinary shares 200 000 7,5% preference shares 150 000 Retained earnings 147 500 Trade creditors 54 750 Plant and machinery 352 000 Motor vehicles 195 000 Office furniture 25 600 Trade debtors 42 500 Allowance for credit losses 1 650 Accumulated depreciation on plant and machinery 56 850 Accumulated depreciation on motor vehicles 34 850 Accumulated depreciation on office furniture 4 520