Prepare the Balance Sheet for Mageta Traders as at 31st July 2016, showing the adjusted balances for each account.

• Capital:

  • Opening Balance: Sh. 80,000
  • Less: Drawings (family use from bank): Sh. 3,000
  • Add: Introduction of family table: Sh. 5,500
  • Adjusted Capital: Sh. $80,000 - 3,000 + 5,500 = 82,500$

• Furniture:

  • Opening Balance: Sh. 56,000
  • Add: Family table converted to business use: Sh. 5,500
  • Adjusted Furniture: Sh. $56,000 + 5,500 = 61,500$

• Debtors:

  • Opening Balance: Sh. 25,000
  • Less: Cash received from debtor: Sh. 7,300
  • Adjusted Debtors: Sh. $25,000 - 7,300 = 17,700$

• Creditors:

  • Opening Balance: Sh. 20,000
  • Less: Paid a creditor in cash: Sh. 4,500
  • Add: Bought stock on credit: Sh. 18,600
  • Adjusted Creditors: Sh. $20,000 - 4,500 + 18,600 = 34,100$

• Bank:

  • Opening Balance: Sh. 11,000
  • Less: Took for family use (drawings): Sh. 3,000
  • Add: Acquired 10 Year Bank Loan: Sh. 165,000
  • Less: Purchased land by cheque: Sh. 82,000
  • Adjusted Bank: Sh. $11,000 - 3,000 + 165,000 - 82,000 = 91,000$

• Cash:

  • Opening Balance: Sh. 8,000
  • Less: Paid a creditor: Sh. 4,500
  • Add: Received from debtor: Sh. 7,300
  • Adjusted Cash: Sh. $8,000 - 4,500 + 7,300 = 10,800$

• Stock (Inventory):

  • Opening Balance: Sh. 0 (assumed, as no opening stock was given)
  • Add: Bought stock on credit: Sh. 18,600
  • Adjusted Stock: Sh. $0 + 18,600 = 18,600$

• Land:

  • Opening Balance: Sh. 0 (assumed, as no opening land was given)
  • Add: Purchased land: Sh. 82,000
  • Adjusted Land: Sh. $0 + 82,000 = 82,000$

• 10 Year Bank Loan:

  • Opening Balance: Sh. 0 (assumed, as no opening loan was given)
  • Add: Acquired loan: Sh. 165,000
  • Adjusted Bank Loan: Sh. $0 + 165,000 = 165,000$

The total assets equal the total equity and liabilities, so the balance sheet is balanced.

The final answer is $\boxed{\text{Balance Sheet as shown above}}$.