Trader carries on a merchandising business. The following balances have been extracted from his…

 
   

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Trader carries on a merchandising business. The following balances have been extracted from his books on 30 September 20X3: Capital -S. Trader, at 1 Oct 20X2………………………………………24,239 Office furniture and equipment……………………………………………1,440 Cash drawings – S. trader…………………………………………………4,888 Inventories on hand – 1 Oct 20X2……………………………………….14,972 Purchases………………………………………………………………167,760 Sales revenue………………………………………………………….203,845 Rent……………………………………………………………………..1,350 Light and heat……………………………………………………………..475 Insurance………………………………………………………………….304 Salaries………………………………………………………………….6,352 Stationery and printing……………………………………………………..737 Telephone and postage…………………………………………………..517 General expenses………………………………………………………..2,044 Travellers commission and expenses…………………………………9,925 Discounts allowed………………………………………………………517 Discounts received …………………