Mr. Sadequaine is a sole-trader. He is operating a stationary shop in his locality. He needs your in preparing his Trial balanc. He has little knowledge of accounting on the basis of which he has prepared the following ledger accounts.
- Sales 500,000
- Cash(Drawings not adjusted) 130,000
- Bank 100,000
- Salary expense 350,000
- Office supplies 50,000
- Light & Heating 110,000
- Furniture & Fittings 200,000
- Machine 600,000
- Rent expense 30,000
- Drawings(50% Cash drawings) 60,000
- Purchases 400,000
- Capital 700,000
- Long-term Debts 500,000
- Trade-creditors 300,000
Requirement: Prepare Trial balance for Mr. Sadequaine
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