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Section A Scenario 1 The following trial balance was extracted from the books of Rodney, a sole trader as at 31.12.15 Dr I a G Capital 1.1.14 15,550 Drawings 4,660 Accounts receivables and accounts payables 6,530 5,210 Sales 71,230 Purchases 29,760 Inventory (1.1.14) 4,340 Rates 800 Heat and light 2,650 8.250 Bank debts 230 Det Provision for bad debts 230 General expenses 2,340 Motor expenses 3,240 Premises at cast 20,000 Fixtures and fittings 8,000 Vehicles 12.000 Provision for depreciation: Prernises 2,400 Fixtures and fittings 1,600 Vehicles 5,400 Bank 820 Loan 12.000 Total 113,620 113,620 The following matters have not been taken into account in the preparation of the above trial balance: 11 Inventary 31.12.2015 14,870 2) Light and heat due 31.12.2015 120, general expenses dur E. 31 Depreciation is to be provided given as helow! Premises -2% on cost > Fixtures & fittings - 10% on cost Vehicles -20% reducing balance method Required