Prepare a Trading and Profit and Loss Account for 19.9 and Balance Sheet on 31 December 19.8 from the following Trial Balance:
Capital Light and Heat Expenses Postage and Telephone Expenses Purchases Machinery Drawings Rates and Insurance Sales Returns Inwards Furniture and Fixtures- MICHAEL CHEPKOK Trial Balance on 31 December 19.9 Salaries Returns Outwards Discounts Allowed Motor Vehicles- Carriage Inwards Carriage Outwards Stock, 1 January 19.9 Discounts Received Rent/ Transport- Debtors Creditors Cash at Bank Cash in Hand Stock on 31 December 19.9, Shs. 77,700. Dr. Shs. 18,400 7,700 478,900 80,000 20161,200 21,300 34,500 42,500 68,200 12,300 75,000 36,700 11,400 69.900 32,400 44,500 58,800 Cr. Shs. 350,000 743,700 29,800 19,900 47,800 27,700 9,800 1,191,200 1,191,200​