From the following Trial Balance of Amoeba Pub as on 31.12.1999, prepare final accounts after taking into account the adjustments given below:

Adjustments:

1. Stock on 31.12.99 1,00,000. 2. Create 5% provision for doubtful debts. 3. Prepaid insurance 100. 4. Commission earned but not received amounts to 500. 5. Salaries outstanding * 1500. 6. Depreciate Machinery by 10%.

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Capital 1,20,000 Drawings 15,000 Bills Receivable 22,000 Machinery 20,000 Debtors and Creditors 60,000 58,000 Wages 39,000 Purchases and Sales 2,52,000 3,55,000 Commission 5500 Rent and Taxes 6000 Stock (1.1.99) 90,000 Salaries 10,500 Travelling expenses 2000 Insurance 600 Repairs 3400 Bad Debts 3500 Furniture 9000 Returns 5000 2000 Cash in Hand 500 Cash at Bank 2000 5,40,500 5,40,500