First Question (10 marks): The following trail balance was extracted from the books of Delphine advertising at the close of business 31 December 2019: Purchase and sales 185600 314330 Bank 8200 Cash 6481 Capital 1 January 2019 22800 Drawing 34200 Office equipment 5800 Rent 6800 Wages and salaries 62800 Discounts 1640 320 Account receivables 24632 Account payables 810 supplies 1 January 2019 8240 Allowance for doubtful debts 1 January 2019 1130 Delivery van 7500 Selling expense 1230 Bad debts expense 1460 Total 348750348750 Adjustment Notes Supplies at 31 Dec 2019 4800. 2 Wages and salaries accrued at 31 Dec 2019 680. Prepaid rent 31 Dec 2019 460 Selling expenses owing 31 Dec 2019 144. s. Increase the allowance for doubtful debts by 182. Equipment depreciation 760, and delivery van 2500. Required Journalise the above adjustment notes Draw up an income statement for the year ended 31 December 2019. . Prepare the statement of financial position as at 31 December 2019. First Question (10 marks): The following trail balance was extracted from the books of Delphine advertising at the close of business 31 December 2019: Purchase and sales 185600 314330 Bank 8200 Cash 6481 Capital 1 January 2019 22800 Drawing 34200 Office equipment 5800 Rent 6800 Wages and salaries 62800 Discounts 1640 320 Account receivables 24632 Account payables 810 supplies 1 January 2019 8240 Allowance for doubtful debts 1 January 2019 1130 Delivery van 7500 Selling expense 1230 Bad debts expense 1460 Total 348750348750 Adjustment Notes Supplies at 31 Dec 2019 4800. 2 Wages and salaries accrued at 31 Dec 2019 680. Prepaid rent 31 Dec 2019 460 Selling expenses owing 31 Dec 2019 144. s. Increase the allowance for doubtful debts by 182. Equipment depreciation 760, and delivery van 2500. Required Journalise the above adjustment notes Draw up an income statement for the year ended 31 December 2019. . Prepare the statement of financial position as at 31 December 2019