Part 2 - Richard*s Roading Richard's Roading is a sole trader and provides concreting and asphalting services to local councils. developers and private individuals. it is late in the afternoon on the last day of the nancial year and all journals have been done and the trial balance has been drafted. Richard has just realised that he has not looked at the value of his accounts receivable. IEST is not applicable for this assessment. Requued: 1. Review the aged accounts receivable Richard has provided along with his notes in the 'Richard's Accounts Receivable' tab. Write off any bad debts that Richard has identified by making entries in the aged accounts receivabie and entries in the trial balance adjustments column. if you need to. write out the journal on paper then transfer the amounts to the Trial Balance on the 'Richard's Trial Balance' tab. Check that the Adjusted Trial Balance balances. and check the Adjusted Trial Balance accounts receivable amount matches the total on the 'Ftichard's Accounts Receivable' tab after bad debt write offs for Richard's Roading. 2. Dnce the bad debts have been written off you need to review the remaining items on the 'Richard's Accounts Receivable\" tab for any doubtful debts. Calculate a doubtful debts provision and make the relevant entries in the trial balance adjustments columns. if you need to. write out the journal and then transfer them to the Trial Balance on the 'Richard's Trial Balancer tab. Doubtful debts do not get entered in the rliticbard's Accounts Receivable' tab. Check that the Adjusted Trial Balance balances. 3. From the adjusted trial balance construct an income statement for Richard's Roading in the 'Richard's Income Statement' tab. Remember to use the 3 columns to present the amounts in a logical way. 4. Ensure that the income Statement adds correctly. 5. From the adjusted trial balance construct a Balance Sheet for Richard's Roading in the 'Richard's Balance Sheet' tab. Remember to use the 3 columns to present the amounts in a logical way. 5. Ensure that the Balance Sheet adds correctly. Ir'. From the adjusted trial balance construct a Statement of Changes in Equity for Richard's Roading in the 'Richard's Equity Statement' tab. 3. Ensure that the Statement of Changes in equity adds correctly and matches the Equity and Net Assets Balances on the 'Ftichard's Balance Sheet' tab