3 Year Depreciation 1/6 x 423 2.3 Applying Adjusted Entries in Preparing Income Statements and Balance Sheet Illustration I The following are some of the balances extracted from the books of Mullins Ltd at the beginning to the end of the accounting year ending 31December 2017. 31/12/2017 1/01/2017 900 750 Insurance prepaid 41,200 38,700 Wages & Salaries Owing 700 300 Rent Receivable prepaid Provision for Doubtful Debts 4,800 5,300 The following information relates to the operations during the year 2017. Insurance paid Wages & Salaries paid Rent Received Bad Debts written-off 7,400 488,000 5,100 4.200 him Zubairu (PhD), FAN, CA-GH, MBA, FFA, ACM) SMS110