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MIS Following ilances are available from the books of Friends Enterprises as on 31 December 2018: Machinery Rs. 1,500,000 Office Equipment 800,000 Debtors 550,000 Accumulated
MIS Following ilances are available from the books of Friends Enterprises as on 31 December 2018: Machinery Rs. 1,500,000 Office Equipment 800,000 Debtors 550,000 Accumulated Dereciation on Machinery 800,000 Acumulated Deprecation on Office EqUTET 280.000) Provision for Bad Delts 5,500 Cash in Hand 300,000 Following rusactions were carried out during 2019: Febi Puchsel new machinery Rs. 300,000 Al Anoffice laptop was stolen its cost was Rs.60,000 ani acumulated depreciation was Rs. 30,000. June 1 Bad debts written off Rs. 4,000. Od 10 Sold goods on credit Rs 10,000 Nov 10 Payment was made to debitors Rs. 40,000 in cash. Additional Information: 1. Machinery is deprecated at 10% of cast. 2. Office en mer is deprecated at 20% of cost. 3. Prision for bed delts should be adjusted to 3% of debtors as on 31 December 2019. Required: a. Record the transactions in televint lediger acounts h. Show the closity entries at the end of year 2019 c. Shew the relevant pution of profit i les xeniunt and balance sheet at the end of year 2019
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