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SECTION THREE: Global bakers WLL Trial Balance for the year end 30 June 2011 Account code 1030 1040 1050 1070 1080 1150 1160 1170 1180 1190 Accounting Description Fixed assets Stock-finished goods Trade debtors Cash balances Trade creditors Share capital, reserves Sales Cost of sales Payroll expenses Other expenses The following adjustment entries needs to be passed in the above trial balance 1- Depreciation on fixed assets 2- Provision for doubtful debts 3- Prepayments included in other expenses a. Statement of financial position. b. C. Year 2011 Statement of comprehensive income. Statement of cash flows. 30-6-2011 11,500 2,000 60,000 28,500 (80,000) (24,000) (532,000) 400,000 65,000 69,000 500 300 3000 Year 2010 600 2500 30-6-2010 10,000 500 50,000 18,500 (57,000) (19,000) (466,000) 346,000 58,000 59,000 Please prepare the following statements with comparative figures after passing adjustment entries mentioned above the above given trial balance 30-6-2009 12,000 600 55,000 17,400 (60,000) (20,000) (480,000) 360,000 55,000 60,000