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The following is the Ledger accounts balance of Royal Clothing Company as on 31st December 2019: Royal Clothing Company Particulars RO Loans and advances 13,500

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The following is the Ledger accounts balance of Royal Clothing Company as on 31st December 2019: Royal Clothing Company Particulars RO Loans and advances 13,500 Capital 70,000 Stock 55,500 Purchases|486,000 Sales 636,500 Salaries 56,000 Insurance expenses 2,500 Returns inwards 5,500 Machinery 66,000 Cash in hand 16,500 Advertisement Expenses 2,000 Telephone charges 3,000 Adjustments: Closing stock RO 4,500 Depreciate machinery @ 4% p.a. Insurance paid in advance RO 1,200. Outstanding Salaries RO2,500 Telephone charges accrued 300 Required: Prepare Trial Balance, Adjustments and Adjusted Trial Balance, Income Statement and Balance Sheet of Extended Trial Balance. (12

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