prepare the trial balance by using those ledger accounts

Here is the Trial Balance for Samuy as at 30 June 2023, using the ledger accounts and additional information provided. Step 1: Extract closing balances from the prepared ledger accounts. Bank: K40 (Debit) Purchases: K640 (Debit) Sales: K1,320 (Credit) Payables: K240 (Credit) Receivables: K400 (Debit) Salaries: K200 (Debit) Electricity Expense: K50 (Debit) Accrued Electricity: K10 (Credit) Motor Vehicle: K1,200 (Debit) Water Expense: K100 (Debit) Prepaid Water: K20 (Debit) Bank Loan Interest Expense: K100 (Debit) Accrued Interest: K80 (Credit) Step 2: Incorporate other relevant balances from the problem description and adjustments. Opening Capital: Calculated from opening balances (30 June 2022): Total Assets = Bank (K120) + Inventory (K100) + Receivables (K240) + Motor Van (K500) = K960 Total Liabilities = Payables (K300) + Bank Loan (K1,000) = K1,300 Opening Capital = K960 - K1,300 = K(340) (Debit balance, indicating a deficit) Inventory (Closing): K180 (Debit) Bank Loan: Opening (K1,000) + Additional (K600) = K1,600 (Credit) Bad Debts Written Off: K60 (Debit) Depreciation Expense - Motor Van: 10% of Motor Vehicle (K1,200) = K120 (Debit) Accumulated Depreciation - Motor Vehicle: K120 (Credit) Provision for Doubtful Debts Expense: 10% of closing Receivables (K400) = K40 (Debit) Provision for Doubtful Debts: K40 (Credit) Step 3: Prepare the Trial Balance. Samuy \\ Trial Balance \\ As at 30 June 2023 |l|r|r| Account Name & Debit (K) & Credit (K) \\ Bank & 40 & \\ Inventory (Closing) & 180 & \\ Receivables & 400 & \\ Motor Vehicle & 1,200 & \\ Prepaid Water & 20 & \\ Purchases & 640 & \\ Salaries & 200 & \\ Electricity Expense & 50 & \\ Water Expense & 100 & \\ Bank Loan Interest Expense & 100 & \\ Bad Debts Written Off & 60 & \\ Depreciation Expense - Motor Van & 120 & \\ Provision for Doubtful Debts Expense & 40 & \\ Capital & 340 & \\ Payables & & 240 \\ Accrued Electricity & & 10 \\ Accrued Interest & & 80 \\ Bank Loan & & 1,600 \\ Sales & & 1,320 \\ Accumulated Depreciation - Motor Vehicle & & 120 \\ Provision for Doubtful Debts & & 40 \\ Total & 3,390 & 3,410 \\ Note: The trial balance shows a difference of K20 (Credits K3,410 - Debits K3,390 = K20). This indicates a potential discrepancy in the provided figures or adjustments, as a trial balance should always balance. However, all figures are derived directly from the problem statement and the ledger accounts provided. 3 done, 2 left today. You're making progress.