1 The following trial balance was extracted from the books of R Giggs at the close of business on 28 February 2007 Notes : ( a ) Stock 28 February 2007 £2,400. ( b ) Wages and salaries accrued at 28...

1

The following trial balance was extracted from the books of R Giggs at the close of business

on 28 February 2007

Notes

:

(a) Stock 28 February 2007 £2,400.

(b) Wages and salaries accrued at 28 February 2007 £340.

(c) Rent prepaid at 28 February 2007 £230.

(d) Van running costs owing at 28 February 2007 £72.

(e) Increase the provision for doubtful debts by £91.

(f
) Provide for depreciation as follows: Office furniture £380; Delivery van £1,250.

Required:

Draw up the trading and profit and loss account for the year ending 28 February 2007 together

with a balance sheet as at 28 February 2007.