convert raw materials into correct general journal entries then make an adjusted trial balance and then make profit and loss account and then balance sheet . Also show All working for example depreciation working asap

The followina trial balance was extracted from the ledger of Stephen Chee, a sole trader, as at 31 May (a) Inventory as at the close of business has been valued at cost at $42,000. (b) Wages and salaries need to be accrued by $800. (c) Other operating expenses are prepaid by $300. (d) The allowance for receivables is to be adjusted so that it is 2% of trade receivables. (e) Depreciation for the year ended 31 May 201 has still to be provided for as follows. Property: 1.5% per annum using the straight line method; and Equipment: 25% per annum using the reducing balance method. Required Prepare Stephen Chee's income statement for the year ended 31 May 201 and his statement of financia position as at that date