Question #2 (2 Marks Each = 06) The balances taken from the ledger of MK Company on December 31, 2001 before adjustment us under: Debit Credit Cash 10,000 Accounts receivable 20,000 Allowance for doubtful account 4,000 Inventory Jan 1, 2001 40,000 Prepaid rent 12,000 Furniture 82,000 Accumulated depreciation - furniture 6,000 Unearned commission income 8,000 Capital 114,000 Sales 100,000 Commission income 50,000 Purchases 80,000 Transportation-in 8000 Salaries expense 16,000 Advertising expense 14,000 282,000 282,000 Required: Give adjusting entries of the following information, considering each case separately: also mention what amount of commission income, commission receivable and unearned commission income should be reported in the income statement and balance sheet. () If commission income for the year Rs.6,000 (ii) If unearned commission on December 31, 2001, Rs.5,000 (iii) If commission receivable on December 31, 2001, Rs.4,500