Question One The Morning Mist is a trader that has out maintained dochle entry accounting practices. The firm bas provided the following accounting details for 2010 - Sammarized Cashbook t. List of Balances - Additional Notes - During the year bad debts amoanting to 5,000 was wrinen off -Discounts of 7,000 was roceived from supplicrs - The equipment that was disposed of had a book value of 45,000 -During the year there were adock drawisgs amounting to 12,000 Required - State two ures ef the contrel accounts - Lse the above data to determine the opening ewners* equity - Prepare the relevant workiag papers leading to the Trial Balance for 2020 Question One The Morning Mist is a trader that has out maintained dochle entry accounting practices. The firm bas provided the following accounting details for 2010 - Sammarized Cashbook t. List of Balances - Additional Notes - During the year bad debts amoanting to 5,000 was wrinen off -Discounts of 7,000 was roceived from supplicrs - The equipment that was disposed of had a book value of 45,000 -During the year there were adock drawisgs amounting to 12,000 Required - State two ures ef the contrel accounts - Lse the above data to determine the opening ewners* equity - Prepare the relevant workiag papers leading to the Trial Balance for 2020