B Limited provides cleaning services to client offices and factories. The clients provide their own cleaning materials. The trial balance of B Limited at 30 June 2023 was as follows. B Limited Trial Balance at 30 June 2023 Debit $ Credit $ Revenue 135040 Wages and salaries 72000 Motor expenses 9820 Insurance 11040 General expenses 12780 Motor vehicles at cost 42000 Provision for depreciation of motor vehicles 16500 Equipment at cost 5000 Provision for depreciation of equipment 2000 Trade receivables 1640 Bank 19950 Ordinary share capital 10000 General reserve 2000 Retained earnings 13490 Dividend paid on ordinary shares 4800 179030 179030 Additional information 1 Revenue of $9240 was received in advance. 2 The insurance charge for the 12 months to 31 December 2022 was $7200 and for the 12 months to 31 December 2023 it is $7440. On 1 January 2023 insurance was paid in full for the 12 months to 31 December 2023. 3 Accrued general expenses at 30 June 2023 were $186. 4 Depreciation is to be charged on motor vehicles at 25% per annum using the reducing balance method. 5 Depreciation on equipment is to be charged at 20% per annum using the straight line method. 6 No dividends were outstanding at 30 June 2023. 7 $1000 is to be transferred to the general reserve at 30 June 2023.