accounts plz solve?

Question

here is a trial balance extracted 30September05.
sales 137900
Stock at Oct 2004 6900
Purchases 41200
Carriage inwards 9400
carriage outwards 1300
wages and salaries 34700
insurance 1800
rent 10800
Car exp 4200
General exp 22850
Discount received 800
bank overdraft 700
Car at cost 32000
Provision for depreciation;
Car at 1oct 04 16000
trade creditors 3140
drawing 17690
Capital at 1oct04 24300
plz make TP&L and Balance sheet

additional information:
1. Closing stock 7500
2. Owner took goods costing 4300 for private use no entries were made.
3. Depreciation is to be charged on the car using diminishing (reducing) balance method at 50% per annum.
4. Unpaid wages 6800 at closing
5. Insurance was paid on OCT1 04' for 18 months until 31March 06'

Answer 1

Adjusting entries:
2. Owner took goods costing 4300 for private use no entries were made
Dr Drawings 4,300
Cr Stocks 4,300

3. Depreciation is to be charged on the car using diminishing (reducing) balance method at 50% per annum
Dr Depn exp. 8,000
Cr Accd. depn. 8,000

4. Unpaid wages 6800 at closing
Dr Wages exp. 6,800
Cr Wages payable 6,800

5. Insurance was paid on OCT1 04' for 18 months until 31March 06'
Dr Insurance exp. 1,200
Cr Prepaid insurance 1,200

Profit & Loss Statement
sales 137900
Less:
COGS -
Stock at Oct 2004 6900
Purchases 41200
Discount received (800)
Carriage inwards 9400
Drawings of stock (4300)
Closing stock (7500)
COGS 44,900
Gross Profit $93,000
Less:
Operating expenses
carriage outwards 1300
wages and salaries 41500
Depreciation 8000
Insurance exp 1200
rent 10800
Car exp 4200
General exp 22850
Net income $3,150

Balance Sheet
Non-current Assets
Car, at cost 32,000
Accd depn. (24,000)
Nbv 8,000
Current Assets
Stocks 7,500
Prepaid insurance 600
Total Assets $16,100

Current Liabilities
trade creditors 3140
Wages payable 6800
bank overdraft 700
Total Liabilities $10,640

Owner's Equity
Capital at 1oct04 24300
Net income 3,150
drawings (21990)
Owner's equity $5,460

Total Liabilities & Equity $16,100