NM1607 MOCK EXTENDED ... FINANCIAL STATEMENT Q1 a trial balance contains the following information 1. Salaries owing amounted to f1,200 2. The business rates 400 has been paid in advance 3. Rent receivable worth 2300 was yet to be received as at 31/12/2020 4. The insuranoe total included the payment of 2200 for private home contents insurance. - Drawings. Required: 1. Open ledger accounts for the appropriate accounts and post the above accounting adjustments. Balance off the ledger accounts. 2. Prepare an Income Statement and Statement of financial position for the year ended 31/12/2020