NM160? MOCK INTENDED .. WNANCIAL STATEMENI Q1 a trial balance contains the following information Accounting Adjustments 1. Saluries owing amounted to 1,200 2. The business rates 400 has been paid in advance 3. Rent receivable worth $300 was yet to be received as at 31/12/2020 4. The insurance fotal included the pryment of E200 for private home contents insurance. Reqwircil 1. Open ledger account for the appropriate accounts and post the aboye accounting adjustments. Halance off the ledger accounis. 2. Prepare an income Sinfeusat aind Sinement of financial position for the year ended 31/12/2020