Q5: Answer accounting questions with appropriate terminolog showing all working for calculations.

Adjustments / additional information not yet recorded to December 31st, 20xx: Property has a useful life of 9 years. Calculate Depreciation (straight line method) for 20xx. Rent used up during the last month was $900; Wages incurred and owing to employees as at 31st December, $ 2200; The count of supplies on 31st December indicated that there were $1200 on hand and in good condition; The bank statement showed bank fees of $100 which have not yet been recorded; Included in the General Expenses amount of $65,560 is Council Rates of $1800, which cover the period l/4/20xx to 3l/3/20xy. Bad debts of 1% need to be recorded based on debtors balance. Record the Account balances prior to adjustments in the workbook Calculate and record the Adjustments in the workbook, total and balance the workbook Prepare an Income Statement and Balance Sheet after processing the balance day adjustments