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Prepare the trial balance

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Reference no: EM133002659

Question - The following account balances were extracted from its books of accounts for the year ended 31 December 2020:

Land and Building 66,000

Motor Vehicles 54,000

Prepaid Insurance 22,800

Trade Payables 25,200

Cash in hand 30,000

Purchases 71,000

Sales 180,000

Returns inwards 6,000

Returns outwards 9,000

Discount allowed 12,000

Office rental 14,400

Wages 4,800

Discount received 3,600

Telephone expenses 8,400

Drawings 3,000

Long term loan 30,000

Required - Prepare the Trial Balance.

Reference no: EM133002659

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