Required: Journal entries to comect the TOM. Statement of comected profit. (2 murky) Suspense account Total 20 Marks QUESTION TWO bj The following tried belonce was extracted from the books of Mopemo Traders Ltd us at 31 March 2006: 5h Ordi un theme Sh. 10 exch 18,000.000 103% Preference shares Sh. 10 each 3,000,000 87% Loun stock 3,000,000 Share premium 2,400,000 Trade debtors 9.900.000 Trude creditors 4,440.000 Purchases and sales 126.600,000 144 000.000 Discounts allowed 150,000 Discounts received 390,000 Frechold buildings: At cost 15,000,000 Provision for depreciation 1,500,000 Fixtures and fittings: Atcost 19 200,000 Provision for depreciation 7,680,000 Stock April 2007 12,600.000 Returns outwards 2,400,000 Selling and distribution expenses 5,010,000 Establishment expenses 3,900.000 Administration expenses 1,680,000 Bad debts written off 120,000 Provision for doubtful deba 540 000 Profit and loss account at 1.4.2007 10,860.000 Goodwill 4,800,000 Bank Overdraft 750 0CO 196,960,020 196,950,000 Additional information: The debtors balance include: Sh.600,000 due from Odieno who has now been declared bankrupt and it has been decided to write off this debt os a bed 1abt. 2 The provision for doubtful debts is to be adjusted to 5 % of trade debtors at 31 Mach 2008. 3. Establishment expenses prepaid at 31 March 2008 amount to Sh. 120,000. The difference is to be written off during the yee