EX-Vabimeendeleriodisments for a Vimers Below is the trial balance of Manu's Murors at 31 March 20X1. Trading account: Sales 428.600 Opening inventory 25,800 Purchases 240.000 Carriage inwards 2,100 Other expenses Rent 24.000 Heating and lighting 3.400 Advertising expense 2.800 Wages 8.000 Discounts allowed 4.100 Carriage outwards 1.800 Balance sheet accounts: Equipment at cost 40.000 Equipment - accumulated 4.000 Motor vehicle at cost 80.000 Motor vehicle accumulated 20.000 Receivables 36,200 Allowance for receivables 3.000 Bank 28,000 VAT liability 3.400 Payables 25.800 Bank kan 20.000 Capital 25,000 Dawings 33,600 529.800 529.800 The following information is relevant for the end-of-period adjustments, The closing inventory at 31 March 20X1 is valued at £28,200. 2 Depreciation on the equipment is provided at 10% per arm on the straight line basis, 3 Depreciation on the motor vehicle is provided at 25% per annum on the reducing balince basis. 4 Manu estimutes that £2,200 due from customers will be irrecoverable and must be written off 5 The allowance for receivables is to be set at 8% of net receivables at31 March 20X1. 6 Rent includes a prepayment of £2,000. 7 Advertising experte includes a prepayment of £400. 8 The heating bill wil arrive on 8 April and about £500 is expected to relate to the period trail 31 March 9 The bank ban is repayable in 10 years' time. Interest payable on the ban is 6% and will be paid once per year Required: (1) Make the end-of-period adjustments using doubk-entry bookkeeping entries. (2) Prepare the income statement for Maru's Mirrors for the year ended 31 March 20X1. (3) Prepare the balance sheet for Manu's Mirrors as at 31 March 20X1.

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