The following Trial balance was extracted from the books of John Wafula’s Enterprise on

1.6.2009
DR CR
Details Shs. Shs.
Sales 1,049,250
Purchase 580,000
Stock (1.4.2008) 120,000
Capital 188,500
Bank overdraft 108,750
Discount allowed 36,000
Discount received 23,250
Carriage in 9,000
Carriage out 54,000
Returns inwards 20,250
Returns outwards 14,250
Rent 43,500
Fixtures and fittings 40,000
Delivery van 52,500
Debtors 297,750
Stationary 2,250
Creditors 178,000
Drawings 72,000
Salaries and wages 223,500
General expenses 11,250

Additional information 31st March, 2009.

i) Goods taken for personal use valued at sh. 8,500
ii) Stock was valued at shs. 107,250

Required
(i) Prepare Trading, profit and Loss Account for the year ended 31.3.2009
(ii) Balance sheet for the year ended 31.1.2009.