The following transactions were extracted from the books of Odis Enterprises for the year ended 31st December 2018: 0) cash received from trade debtors N100,000

i. cash paid to suppliers N72,000
ii. expenses paid during the year were: rent- N2,500, general expenses N1,800
iv. cash of N5200 was withdrawn by the proprietor for personal use.
v. fixed assets valued at  N8,000 on 31st December 2017 were to be depreciated at 10 per annum

Additional information:
                           31st December 2017     31st December 2018
Trade debtors          11,000                              13,000
Trade creditors         4,000                                6,500
Rent owing                 -                                         500
Cash                       12,100                               30,000                            
Stock                       15,900                               17,000

You are required to prepare:
(a) Statement of Affairs as at 1st January 2018
(b) Cashbook
(c)  Trading Profit and Loss Account for the year ended 31st December 2018.

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