Following balances are given in the Trial Balance: Dr($) Dr($) 1,00,000 20,000 1,200 20,500 Capital Drawings Bad Debts Sundry Debtors Provision for Doubtful Debts Salaries Outstanding Prepaid...

Following balances are given in the Trial Balance:<br>Dr($)<br>Dr($)<br>1,00,000<br>20,000<br>1,200<br>20,500<br>Capital<br>Drawings<br>Bad Debts<br>Sundry Debtors<br>Provision for Doubtful Debts<br>Salaries Outstanding<br>Prepaid Insurance<br>Interest on Investment Account<br>2,000<br>1,000<br>200<br>500<br>400<br>Commission Received in Advance<br>Adjustments:(i) Further Bad Debts$500<br>(ii) Make Provision for Doubtful debts @5% on Sundry Debtors;<br>(iii) Interest on Capital$ 10,000;<br>(iv) Interest on Drawings $ 1,000.<br>Show how the above balances and adjustments will appear in the Final Accounts:<br>

Extracted text: Following balances are given in the Trial Balance: Dr($) Dr($) 1,00,000 20,000 1,200 20,500 Capital Drawings Bad Debts Sundry Debtors Provision for Doubtful Debts Salaries Outstanding Prepaid Insurance Interest on Investment Account 2,000 1,000 200 500 400 Commission Received in Advance Adjustments:(i) Further Bad Debts$500 (ii) Make Provision for Doubtful debts @5% on Sundry Debtors; (iii) Interest on Capital$ 10,000; (iv) Interest on Drawings $ 1,000. Show how the above balances and adjustments will appear in the Final Accounts:

Jun 10, 2022

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Following balances are given in the Trial Balance: Dr($) Dr($) 1,00,000 20,000 1,200 20,500 Capital Drawings Bad Debts Sundry Debtors Provision for Doubtful Debts Salaries Outstanding Prepaid...

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