Neco 2024 Financial Accounting Question 6

Given the following trial balance before adjustments (amounts in naira):\n\nDr:\n- Cash \(25,000\)\n- Accounts Receivable \(30,000\)\n- Inventory \(45,000\)\n- Equipment \(55,000\)\n- Expenses (excluding depreciation) \(12,000\)\n\nCr:\n- Accumulated Depreciation - Equipment \(9,000\)\n- Sundry Creditors \(X\)\n- Share Capital \(80,000\)\n- Revenue \(70,000\)\n\nThe adjusting entries are:\n1. Depreciation expense \(7,000\) Dr and Accumulated Depreciation - Equipment \(7,000\) Cr.\n2. Accrued revenue: Revenue \(5,000\) Cr and Accrued Receivable \(5,000\) Dr.\n\nAfter posting the adjustments, the trial balance must balance (total debits = total credits). Determine the amount of \(X\).