The following were extracted from books of bonjuri, a retailer 31st march 2014 Dr. Cr...

The following were extracted from books of bonjuri, a retailer 31st march 2014
Dr. Cr
Capital 100,000
drawings. 50,000
Cash in hand 1,000
Debtors and creditors 70,000
Insurance 2,500
Purchases/sales. 535,000. 700,000
Stock 1st April 2013 50,000
Electricity 2,000
General expenses 13,000
Equipment at cost. 15,000
Provision for depreciation
Of Equipment 1st April2013 3,000
Wages and salaries. 30,000
Rent 20,000
(807,000) (807,000)
Additional information
(1)Stock on 31st march 2014 was valued at 60,000
(2)At 31st march 2014＝1,500 was outstanding on Insurance, Electricity was prepaid by 500 and there was a doubtful debt of 1,000
(3)Depreciation is to be provided on Equipment at 10% on cost you are required to prepare :
a.Trading, profit and loss account for the year ended 31st march 2014
b.Balance sheet as at that date.?

In Accounting
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Asked by Lanre on 21st May, 2022