prepare the trial balance for the transaction above

Here is the Trial Balance for the enterprise as at 31 May 2015, based on the provided initial list of accounts. Step 1: Classify each account as either a Debit or Credit balance. Debit Balances (Assets, Expenses, Contra-Revenue): Land and buildings: K800 Motor vehicles: K500 Office equipment: K400 Inventories as at 1 June 2014: K240 Receivables: K60 Cash and bank: K45 Sales returns: K40 Purchases: K900 Carriage inwards: K30 Carriage outwards: K38 Salaries: K210 Office rent: K48 Discount allowed: K23 Office expenses: K139 Distribution expenses: K72 Utility expenses: K25 Bank charges: K14 Interest expense: K45 Credit Balances (Liabilities, Equity, Revenue, Contra-Asset, Contra-Expense): Capital: K800 Accumulated depreciation (Land and buildings): K50 Accumulated depreciation (Motor vehicles): K120 Accumulated depreciation (Office equipment): K70 Provision for doubtful receivables: K4 Payables: K42 Bank loan at 15% per annum: K500 Sales: K1,650 Purchase returns: K34 Discount received: K31 Step 2: Calculate the total of Debit and Credit balances. Total Debits: 800 + 500 + 400 + 240 + 60 + 45 + 40 + 900 + 30 + 38 + 210 + 48 + 23 + 139 + 72 + 25 + 14 + 45 = K3,629 Total Credits: 800 + 50 + 120 + 70 + 4 + 42 + 500 + 1,650 + 34 + 31 = K3,301 Step 3: Determine the Suspense Account balance required to balance the Trial Balance. Difference = Total Debits - Total Credits 3,629 - 3,301 = K328 Since the Debit total is higher, the Suspense Account must have a Credit balance of K328 to make the trial balance balance. Note:* The problem lists "Suspense a/c 12". This K12 is not the balancing figure for the provided list of accounts. The total of K3,446 shown in the image is also inconsistent with the sum of the listed figures. Step 4: Prepare the Trial Balance. Trial Balance \\ As at 31 May 2015 \\ (All figures in K'000) |l|r|r| Account Name & Debit (K) & Credit (K) \\ Land and buildings & 800 & \\ Motor vehicles & 500 & \\ Office equipment & 400 & \\ Inventories as at 1 June 2014 & 240 & \\ Receivables & 60 & \\ Cash and bank & 45 & \\ Sales returns & 40 & \\ Purchases & 900 & \\ Carriage inwards & 30 & \\ Carriage outwards & 38 & \\ Salaries & 210 & \\ Office rent & 48 & \\ Discount allowed & 23 & \\ Office expenses & 139 & \\ Distribution expenses & 72 & \\ Utility expenses & 25 & \\ Bank charges & 14 & \\ Interest expense & 45 & \\ Capital & & 800 \\ Accumulated depreciation - Land and buildings & & 50 \\ Accumulated depreciation - Motor vehicles & & 120 \\ Accumulated depreciation - Office equipment & & 70 \\ Provision for doubtful receivables & & 4 \\ Payables & & 42 \\ Bank loan at 15\% per annum & & 500 \\ Sales & & 1,650 \\ Purchase returns & & 34 \\ Discount received & & 31 \\ Suspense Account & & 328 \\ Total & 3,629 & 3,629 \\ Last free one today — make it count tomorrow, or type /upgrade for unlimited.