) Record the necessary adjusting and correcting journal entries for the year ended December 31, 2022. (45 marks). Notes: - You must show all your workings for part A, using tables, schedules, calculations and explanations, where appropriate. - Ignore VAT implications. - Screenshots are NOT allowed. B) Prepare an accounting worksheet reflecting the related accounts, unadjusted trial balance, adjustments and adjusted trial balance for the year ended December 31, 2022 (10 marks). Note: - Screenshots are NOT allowed. C) Prepare a statement of profit or loss and a statement of owners equity for the year 2022, and a statement of financial position at December 31, 2022 (21 marks). Note: - Screenshots are NOT allowed

HOMEY Electronics Co. is one of the growing electronics companies in the Kingdom of Bahrain. Ten years ago, it was founded by Mr. Ahmed Ali, the Managing Director, who aims to make HOMEY the shoppers' first choice. His vision is to be the only place shoppers get to have different models and brands out of a complete range of household needs. Recently, HOMEY launched a furniture section as a new addition to its showroom. HOMEY uses a solid accounting system and controls. It adopts the calendar year as its fiscal year. HOMEY Electronics is preparing its financial statements for the year ending December 31, 2022. A trial balance, along with several business-related appendices, are presented below: In response to your inquiry about receivables, please note the following: On December 31, 2022, the company's Allowance for Doubtful Accounts had a credit balance of BD3,200 per the unadjusted trial balance. The accounts receivables department has prepared the aging schedule of accounts receivable below. Based on previous years' experience, we estimated the percentage of receivables in each category that will become uncollectable. This information is summarized here