final accounts problem no 1

question: From the following Trial balance, prepare final accounts of Satish Traders for the year ending 31.3.2018: Trial balance Debit Balances Amount Credit Balances Amount Opening Stock 1,000 Sales 20,000 Cash in hand 6.000 Returns 800 Cash at Bank 1.500 Capital 40,000 Purchases 11,000 Creditors 4,250 Wages 3,000 Discount 800 Returns 1,000 Carriage Inwards 1,000 Carriage Outwards 500 Investments 10,000 Patents 7.000 Salaries 1.300 Legal Expenses 600 Insurance 800 Drawings 1,000 Debtors 12,000 Discount 750 Printing & Stationery1.400 Machinery 6,000 65,850 65,850 Adjustments: 1.Closing stock: 2,100. 2.Outstanding Stationery: 600. 3.Depreciation on Machinery: 10%. 4.Bad debts: 500. 5.Prepaid Wages: 500. 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