Trial Balance of Gopi as on 31 December 2012 Particulars Dr. (2) Cr. (3) Capital Drawings 27,000 4,260 Furniture 5,700 Stock 8,760 Purchases and sales 62,172 71,436 Returns 1,260 1,746 Salaries 2,640 Rent 720 Rates and taxes 1,500 Apprentice premium 750 Bank overdraft 1,200 Bad debts 1,032 Sundry debtors 19.200 Cash in hand 288 Sundry creditors 6,000 Provision for bad debts 600 Bills receivable 1,440 Bills payable 1,080 Discount 360 Suspense account 1,200 Total 1,10,172 1,10,172 You are required to consider the following adjustments: (a) Stock on 31 December valued at *20,000. (b) Provide for doubtful debts at 5% on sundry debtors. (c) Rent due was 200. (d) Taxes paid in advance *500. (e) Depreciate furniture at 10%. (f) Apprentice premium of 250 was to be carried forward. (g) Calculate interest on capital at 5% p.a.