1 J Wright, a sole trader, extracted the following trial balance from his books at the close of business on 31 March 2009: Notes : ( a ) Stock 31 March 2009 £6,805. ( b ) Wages and salaries accrued at...

1

J Wright, a sole trader, extracted the following trial balance from his books at the close

of business on 31 March 2009:

Notes

:

(a) Stock 31 March 2009 £6,805.

(b) Wages and salaries accrued at 31 March 2009 £3,500; Office expenses owing £16.

(c) Rent prepaid 31 March 2009 £600.

(d) Increase the provision for doubtful debts by £110 to £740.

(e) Provide for depreciation as follows: Fixtures and fittings £190; Van £1,400.

Required:

Prepare the trading and profit and loss accounts for the year ending 31 March 2009 together with

a balance sheet as at that date.