Practice questions:
Construct a trial balance for Harlech Health Food from the following list of balances, calculating the figure for purchases:
£
Capital 18,000
Wages 1,600
Bank 1,500
Equipment 2,000
Rent 1,400
Sales 26,200
Returns inward 900
Returns outward 460
Discounts allowed 720
Discounts received 620
Miscellaneous expenses 390
Purchases ?