Produce the final accounts for a sole trader business (Horizons Programming Company) from task 1 including profit and loss account, owners equity statement, and balance sheet for the Period ended July 31^st. using the trial balance that you have produced in problem 2/ task1.

Make the adjustments entries for the following transactions before preparing the final accounts for LLC company:

On the 25^th of November 2021, the business purchased supplies for 10000 cash. On 31^st of December, 2021 the business found out that the supplies still on hand were 5000 only.

The business has a Equipment with book value of 8000, with annual depreciation rate of 12%.

On the1st of August the business purchased a one-year insurance policy for 1800. Prepare the adjusting entry on 31^st of December 2021.

The employees are paid salaries on the 29^th of each month. Prepare the adjusting entry of 5000 of the employees salaries that are not yet paid on the 31^st of December, 2021.

Use the given adjusted trial balance for Cowell Company, LLC (Table 2) to prepare the final accounts including profit and loss account, retained earnings statement, and balance sheet for the Period ended December 31^st.

Compare the essential features of each financial account statement to analyse the differences between them in terms purpose, structure and content.