EEEY ACC 1003 Finandal Accounting Assessment 2a: Group Project ALAwais LLC Unadjusted Trial Balance as at December 31, 2015 Account name 1st Trial Balance Debit ($) Credit ($) Cash 45,200 Accounts receivable Bad debts written off 38,000 5.800 Inventory 32.100 Prepaid rent Prepaid insurance 45,000 28,500 100,000 20,000 48.000 Equipment Accumulated depreciation - equipment Bank loan Accounts payable Owners capital Sales revenue Cost of goods sold 24.600 97.500 187 600 51.600 Salaries and wages expense 31.500 Totals 3ZZAZ00 37.700 nings Review view Table Design Layout V Tell me EEEEE E QE AaBbCcDdEe AaBbCeDdEe AaBbcc Additional Information: 1. The prepaid insurance was made on April 1, 2015 to cover 12 months upto March 31 2016 2. Depreciation expense on equipment is calculated at 10% on cost (straight line method) and December 31 is the third year of purchase 3. Rent expense payment was made January 1, 2015 for 15 months to March 31 2016 4. Salaries owing to employees on December 31 2015 were AED 8200 5. The Bank loan was aquired on April 1 2015. Interest payable on this loan is at 12% per annum but this has not been recorded anywhere as at December 31 2015 Required: a) Complete all columns in the Accounting Worksheet provided showing the Adjustment Entries, the Adjusted Trial Balance and the Financial Statement transfers O Focus