2. Complete the Final Account Worksheet for R. Heddy shown on the next page. The following adjustments have to be made: (1) Closing stock - $1 850 (2) Insurance prepaid by $650 (3) Depreciation is to be provided for as follows per annum: (a) Motor van 25% per annum straight line method (6) Shop fittings 10% per annum reducing balance method REQUIRED: In the Final Accounts worksheet: (i) Complete the adjustments [4] (ii) Complete the profit and loss account [5] (iii) Complete the balance sheet [5] NB: Only answers completed in the worksheet will be accepted. TOTAL MARKS [14] FINAL ACCOUNTS WORKSHEET Adjustments Trading Account Trial Balance Profit Balance Sheet Account and Loss Dr Cr Dr C Dr Cr Dr Cr Dr Cr S s $ $ $ $ $ $ $ S Shop premises at cost 25000 Motor van at cost 3 700 2000 1500 Shop fittings at cost Opening stock Provision for depreciation - fittings Provision for depreciation - van Purchases 200 900 81500 Sales 148500 Salaries and wages 21 100 Motor expenses 13300 Insurance 2200 Interest received 450 Debtors 2150 Drawings 24 100 Cash at bank 33450 Capital 60000