The extracted trial balance for a limited company as at 31% December 2019 is as follows: ‘fdr fcr Turnover 2,860,000 | Purchases 1,200,000 Stock (inventory) (01.01.2019) 125,000 = Salaries and wages 140,000 ‘Advertising 220,000 Insurance 7,000 Rates 16,000 General expenses 22,000 Light, heat and water 5,000 Communication costs 16,000 Professional fees 12,000 | Audit fees 6,000 Interest paid 15,000 Provision for doubtful debts (01.01.2019) 10,000 ‘Accounts payable 220,000 Accounts receivable 376,000 Freehold buildings at cost 2,268,000 Equipment at cost 780,000 Depreciation of equipment (01.01.2019) 468,000 Ordinary share capital £1 150,000 Profit and loss a/c bal. (01.01.2019) 1,298,000 ‘Long-term loan payable 450,000 Dividend paid 180,000 68,000 2:456,000 | 5,456,000 | ave been paid in advance 0 have been paid in advance Tete ie Scanned with CamScanner