Some selected balances of DD Co. for year ended Dec-31-2019 are as follows with their normal balances before adjustments:

Cash and Cash Equivalent Br 20,000

Owners Capital

40,000

Notes Receivables	45,000	Retained Earnings	75,000
Office Supplies	12,000	Sales Revenues	640,000
Prepaid Insurance	72,000	Interest Income	12,000
Inventory (Average Cost)	24,000	Cost of Goods Sold	320,000
Fixed Assets	120,000	Selling Expenses	21,000
Accum. Depr- Fixed assets	36,000	Salary and Wages Expense	105,000
Unearned Rent (Liability)	56,000	Rent Expense	15,000
Required

a. Prepare the necessary adjusting entries for the following items as not yet recorded on Dec-31-2019: i. The office supplies consumed during the year is Br 8,000 ii. The Unexpired part of insurance is only Br 26,000 iii. Br 30,000 is earned sales revenues from the unearned advance collection iv. Salary and wages accrued as on 31-Dec-2019 amounts to be Br 18,000 v. Depreciation Expenses allocated for the year amounts to be Br 15,000 vi. There are accrued interest of Br 8,000 on the notes receivable b. Prepare the following Financial Statements after adjustments on Dec-31- 2019. i. Balance Sheet ii. Income Statement c. Prepare closing journal entries after balances are adjusted and show the final closing of Income Summary to Retained Earnings