Gce Model Questions Vol1 2021 Financial Accounting Question 50

The trial balance of DEF Ltd as at 30 June is shown below (all figures in £). All balances are correct except that the debit balance of ‘Pre‑payments' is omitted. | Account | Debit | Credit | |---|---|---| | Cash | 15{,}000 | | | Accounts Receivable | 8{,}500 | | | Pre‑payments | ? | | | Inventory | 12{,}300 | | | Equipment | 25{,}000 | | | Accumulated Depreciation - Equipment | | 5{,}000 | | Accounts Payable | | 9{,}800 | | Loan Payable | | 20{,}000 | | Capital | | 30{,}000 | | Retained Earnings (opening) | | 5{,}500 | | Sales Revenue | | 45{,}000 | | Cost of Goods Sold | 22{,}000 | | | Operating Expenses | 9{,}500 | | | Interest Expense | 1{,}200 | | | Tax Expense | 3{,}000 | | The total of the debit column must equal the total of the credit column. What is the missing debit amount for Pre‑payments?