A. Bell has kept records of his business transactions in a single entry form, but he did not realize that he had to record cash drawings. His bank account for the year 2011 was as follows: $ $ Balance 1/1/2011 920 Cash withdrawn from bank 12,600 Receipts from debtors 94,200 Trade accounts payable 63,400 Loan from F. Tung 2,500 Rent 3,200 Insurance 1,900 Drawings 11,400 Sundry expenses 820 Balance 31.12.2011 4,300 97,620 101,590