) A and B are partners in "Sohar Traders' sharing profits and losses in the ratio of 2:1. From the following Trial Balance and adjustments: prepare Adjusting Entries Amt. 193,500 15.000 1,500 2.500 90,000 50,000 Debit Balances Opening stock Purchases Plant and Machinery Furniture Carriage Inward Wages and Salaries Bills Receivable Sundry Debtors Conveyance Rent Rates and Taxes Retum Inward Cash in hand Land and Building Bad debts Patents Amt. Credit Balances 32,000 Sales 64,000 Sundry Creditors 30,000 Unpaid wages 18,500 Return outward Capital Alc. A 1.500 B 35,000 5.000 32,000 4,000 2,000 3,500 14.750 83,500 1.750 25,000 352.500 352,500 Adjustments: 1) Closing stock Cost price OMR 25,000 2) Depreciate Plant and Machinery and Building at 3% pa. 3) Included in wages advances given to workers OMR 3,000 4) Provide additional OMR 1,500 for bad and doubtful debts on Debtor 5) Unpaid rent, rates and taxes: OMR 500 6) The following were agreed upon: a) A is entitled to a salary of OMR 1,000 per month b) B is to receive commission of 10% of net profit before salaries and interest on capital c) Interest on capital is 8% pa