final accounts 2nd problem

question: From the following particulars, prepare final accounts of Godrej Traders for the year ending 31.12.2018. Debit Balances Amount Credit Balances Amount Stock on 1.1.18 2,000 Capital 60,000 Plant & Machinery 14,000 Sales 30,000 Wages 1.200 Discount 1,200 Returns 500 Creditors 4,200 Land & Buildings 30.000 Return outwards 500 Purchases 15,000 Interest 1,500 Bills receivable 9.300 Overdraft 6.000 Debtors 15.000 Commission 1,200 Cash at Bank 10,000 Bills Payable 5,000 Rent 2,500 Bad Debts 1,200 Insurance 600 Salaries 1.500 Furniture 5,000 Gas & Water 400 Carriage 600 Freight 800 1,09,600 1,09,600 adjustments: 1.Closing stock on 31-12-2018 5600 2.Outstanding wages 700 3.Prepaid insurance 200 4.Provide for depreciation of furniture 10% 5.Interest on capital 6% 6.Write off 1500 as bad debts Also watch the following videos: 1.Meaning of final accounts: https://www.youtube.com/watch?v=9olRkMQSTc8 2.About Trading a/c and Profit and loss a/c: https://www.youtube.com/watch?v=QMTSBg5Jh8A 3.About balance sheet: https://www.youtube.com/watch?v=ZH9AMVwW9uY 4.Adjustment meaning : https://www.youtube.com/watch?v=_XP1tVVIynQ 5.Bad debts: https://www.youtube.com/watch?v=iJ-Uksqjpog 6.Provision for reserve on doubtful debts: https://www.youtube.com/watch?v=ykgZM4PO-Gk problem no 1: https://youtu.be/DDqvygitvY8