Part i) Prepare a trading, profit and loss account and a balance sheet for Masha N.

Here are the solutions for Masha N.

Part i) Prepare a trading, profit and loss account and a balance sheet for Masha N.

First, let's correct the trial balance totals.
Debit (Dr) Balances:
Purchases: 10,224,000
Inventory (Jan 1, 2017): 720,000
Cash: 96,000
Bank: 288,000
Sales returns: 40,000
Salaries: 1,248,000
Rents: 576,000
Insurance: 456,000
Office expenses: