You are required to prepare the following: a) Trial Balance as at 01/01/2019. Calculate Owners Equity as at 01/01/2019. (8 marks) b) Calculate total cash sales. (2 marks) c) Account Receivable Ledger as at 31/12/2019. Calculate total credit sales. (5 marks) d) Calculate total sales. (2 marks) e) Account Payable Ledger as at 31/12/2019. Calculate total credit purchases. (5 marks) f) Inventory Ledger as at 31/12/2014. Calculate total COGS. (7 marks) g) Calculate total inventory purchases. (2 marks) h) Calculated total drawings. (2 marks) i) Trial Balance as at 31/12/2019. (15 marks) j) Income Statement for the year ended 31/12/2019. (8 marks) k) Calculate net book value for Fixtures as at 31/12/2019. (4 marks)

Mr. Andre Jack is the owner of Smart Toys. Smart Toys does not keep a full set of accounts. The following is a summary of Smart Toys bank account for the year ended 31* December 2019: RM Payments to suppliers Balance 1st January 2019 Receipts from customers Cash sales taking banked 20,000 75,800 14,000 Rent Utilities Sundry expenses Drawings Balance c/d RM 58,900 3,300 1,700 700 15,000 30,200 109,800 109,800 All cash sales had been paid into the bank except RM8,000. Out of this, Smart Toys had paid RM5,000 for purchases of goods for resale and used RM3,000 for personal expenses. The following additional information is available: Stock Trade Payables Trade Receivables Fixtures 15 January 2019 27,700 11,200 18,000 5,000 31 December 2012 30,200 14,700 17,200 5,000 Fixtures were purchased on 1* January 2019 and depreciated at 10% per year