The following is the trial balance of Rachel Smith at 31 March 2012.
The following additional information is available at 31 March 2012.
1 Inventory was valued at $3750.
2 A bonus of $180 is to be accrued in the wages account.
3 Property tax includes $1200 paid in advance.
4 Depreciation of $1920 is to be provided for the year.
5 A provision for doubtful debts of 3% of the trade receivables is to be created.
REQUIRED