P & L and BS Account Q8

Q.
Alex, a sole trader, extracted the following trial balance from his books of account at the close of business on 31 March 2010.

Particulars -------------------- Debit (Dr) (RM) --------Credit (Cr) (RM)

Purchases and Sales --------------- 61,420 ------------------- 127,245
Inventory as at 01 April 2009 ------ 7,940
Capital 01 April 2009 ------------------------------------------- 25,200
Bank Overdraft ------------------------------------------------- 2,490
Cash ----------------------------------140
Discounts ----------------------------- 2,480 ----------------------62
Return Inwards ----------------------- 3,486
Return Outwards ------------------------------------------------- 1,356
Carriage Outwards ----------------- 3,210
Rent and Insurance ------------------8,870
Provision for doubtful debts -------------------------------------- 630
Fixtures and Fittings ------------------- 1,900
Van ---------------------------------------5,600
Debtors and Creditors ----------------12,418 --------------------11,400
Drawings -------------------------------- 21,400
Wages and Salaries ------------------- 39,200
General Office Expenses -------------- 319
--------------------------------------- 168,383 ------------------168,383

Additional information:-

i) Inventory 31 March 2010 is RM6,805.
ii) Wages and salaries accrued at 31 March 2010 RM3,500, office expenses owing RM16.
iii) Rent prepaid 31 March 2010 is RM600.
iv) Increase the provision for doubtful debts by RM110 to RM740.
v) Provide for depreciation as follows:-
    Fixture and Fittings   RM190
    Van                         RM1,400

Prepare the Trading, Profit and Loss Account for the year ended 31 March, 2010 and the Balance Sheet (extract) as that date.

(20 marks, 2011 Q8)