From the following trial balance of P Boones draw up a trading and profit and loss account for the y

From the following trial balance of P Boones draw up a trading and profit and loss account for the y

From the following trial balance of P Boones draw up a trading and profit and loss account for the year ended 30 September 2002, and a balance sheet as at that date.Dr Cr£ £Stock 1 October 19×8 23,680Carriage outwards 2,000Carriage inwards 3,100Returns inwards 2,050Returns outwards 3,220Purchases 118,740Sales 186,000Salaries and wages 38,620Rent 3,040Insurance 780Motor expenses 6,640Office expenses 2,160Lighting and heating expenses 1,660General expenses 3,140Premises 50,000Motor vehicles 18,000Fixtures and fittings 3,500Debtors 38,960Creditors 17,310Cash at bank 4,820Drawings 12,000Capital 126,360332,890 332,890

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