Dr. The following is the trail Balance of X and Y Co. as on 31st March, 2022. Prepare Final Accounts. The partners sharing profits and losses in the ratio 2:1. Assels and Expenses Prticulars Freehold premises A Plant and Machinery A Wages E Sundry debtors A liabilities and Income Prticulars Cr. 150,000 X Capital A/c L 50,000 45,000 Y Capital A/c L 30,000 20,000 Sundry creditors L 25,200 50,000 Sales (net) I 250,00C E Carriage inwards and outwards A Rent 1,500 Interest I 1,500 7,500 Provision for bad debts I 1,500 Purchase of Raw material E 75,000 Commission I 10,000 Insurance E 2,000 Y's Loan A/c L 12,000 Bad debts E 1,500 Office Expenses E 7,500 Salaries of works manager E 12,000 Cash at bank A 8,200 380,200 380,200 ADJUSTMENTS Insurance prepaid to the extent of 250 2. Commission received in advance 1750 3. Wages outstanding 3750 4. Interst yet to receive 500 5. Depreceate Plant and Machinery by 5% and Freehold premises by 3% 6. Creat provosion for doubtfull debts at 5%