Part 4 Adjustments for financial statements Review questions 28.1 The financial year of M. Hussey ended on 31 December 2009. Show the ledger accounts for the following items including the balance transferred to the necessary part of the financial state- ments, also the balances carried down to 2010: (a) Motor expenses: Paid in 2009 800; Owing at 31 December 2009 100. (b) Insurance: Paid in 2009 900; Prepaid as at 31 December 2009 70. (c) Stationery: Paid during 2009 400; Owing as at 31 December 2008 200; Owing as at 31 December 2009 300. (d) Business rates: Paid during 2009 2,000; Prepaid as at 31 December 2008 180; Prepaid as at 31 December 2009 160