Topic: Adjusting Entries and the Adjusted Trial Balance Question 1 Preamble: Set out below is the unadjusted list of balances in the books of DML Enterprise as at 31 December 2022. Additional information: i) There was inventory of goods in stores as of the end of the accounting year. The value of this inventory was GH50. ii) Advertising expense was paid in advance. As of the end of the accounting year the services provided by the advertising agency amounted to GH8. iii) A bill for electricity, GH\&8, was outstanding as of the end of the accounting year. iv) Interest of GH\&20 has accrued on the bank overdraft. v) The interest rate on the bank loan is 25% per annum. However, interest is due at the end of each month. vi) The credit officer carried out an aging analysis of trade debtors and recommends that debts amounting to GH\&t 50 should be written off while a provision of 10% of the remaining trade debtors be made against doubtful debts. vii) Noncurrent assets are depreciated as follows: Premises: 10% of cost Motor Vehicle: 20% of net book value Required Activities: (a) Pass the journal entries needed to post the necessary end-of-year adjustments to the relevant ledger accounts. (b) Post the necessary adjusting entries to the relevant ledger accounts and balance off the accounts. (c) Prepare an adjusted trial balance. (d) Prepare a worksheet showing the necessary adjustments and the adjusted trial balance