Account Name	Debit	Credit
Cash	16,805,600
Oilfield Machinery	300,000
Computer	12,000
Table	800
Chair	1,500
Stationery	5000
Specialised Equipment	240,000
Accounts Receivable	1,000,000
Prepaid Rent	120,000
Delivery Truck	60,000
Drilling Machine	500,000
Bank Loan		10,000,000
Accounts Payable		104,900
Capital		1,000,000
Drawings	200,000
Revenue		9,050,000
Rent	60,000
Salaries	500,000
Interest expense	350,000
Balance	20,154,900	20,154,900

The above trial balance is from Autoshop Inc.'s books at the end of the month of November 2022. Autshop Inc.'s maintains annual bookkeeping records and has a year end of December 31, 2022.

1. Use the above trial balance to:

a. The following adjustments took place during the year. Record these adjustments in the worksheet for the year ended December 31, 2022

i. Stationery used up druing the year was worth $1700.

ii. The amount in the Prepaid Rent account represents a payment made on January 1, 2022 for 12 months' rent in 2022.

iii. Oilfield machinery and drilling machine were purchased on January 1, 2022 and have estimated useful life of 5 and 10 years, respectively. The oilfield machinery has no salvage value but the drilling machine has a salvage value of 25,000. Use the straight-line method of depreciation.

b. Adjusted trial balance, income statement and balance sheet.

c.journal entries, general ledger accounts.