Mr. Lane has given you the following balances extracted from his books as at 30th June 2008.
Sh.
Sales 265,900
Purchases 154,870
Rent 4,200
Lighting and heat expenses 530
Salaries and wages 51,400
Insurance 2,100
Buildings 85,000
Fixtures 1,100
Accounts Receivable 31,300
Sundry expenses 412
Accounts payable 15,910
Cash at bank 14,590
Drawings 30,000
Vans 16,400
Motor running expenses 4,110
Capital 114,202
Inventory 16,280
Required:
From the above balances, prepare his trial balance as at 30th June 2008.
(10marks)
Prepare his Trading, profit and loss A/c for the month. (10marks)
Prepare his balance sheet as at 30th June 208.
(10marks)
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