Task $2$:

Please find attached the draft trial balance $($all in EURs$)$ as at $31$ August $2023.$

Please adjust for the below, which have not yet been reflected in the draft trial balance $($feel free to create new nominal accounts where required$).$ Each adjustment $($i$.$e$.,$ double entry$)$ should be made in a separate column.

Customer A wants us to issue a credit note for $2500($use nominal account: Sales $200).$ Assume the $2500$ is gross and the VAT rate is $20\%.$

We have overpaid $3000$ to Vendor A and have received a credit note from the vendor $($use nominal account: Legal Expenses OH$\mathrm{.}441).$ Assume the $3000$ is gross and the VAT rate is $20\%.$

We have concerns over Customer B$$s ability to pay their outstanding invoice worth $8,000($assuming original sales invoice was booked in nominal account Sales $200).$ Please provide for this potential bad debt.

We need to accrue for an invoice worth $1,000.$ The $1000$ amount is gross of $20\%$ VAT, and please use nominal account Legal Expenses OH$\mathrm{.}441.$

We need to record a vendor invoice worth US$$5,000.$ The US$$5,000$ amount is net of $15\%$ VAT, and please use nominal account Legal Expenses OH$\mathrm{.}441.$ Please show the forex conversion workings at the bottom of the spreadsheet.

We have purchased a new fridge for the office kitchen worth $6,000($no VAT$)$ on $1$ August $2023.$ Assume this is paid with cash $($use nominal account Revolut EUR Main $552).$

The company policy is to depreciate the fridge on a straight$-$line basis at $20\%$ per annum. Please show the depreciation workings at the bottom of the spreadsheet.

On $31$ August $2023,$ the fridge was sold for $5,500.$ For this transaction, please assume we have received the $5,500$ in the bank and thus should be booked in nominal account Revolut EUR Main $552.$ Please complete the entry and book the gain or loss on disposal.

On $31$ August $2023,$ the bank statement for $$Revolut SEK SEK$$ account shows a receipt of SEK$1,000$ as a result of an unreconciled payment from a Swedish customer. The SEK$1,000$ has not yet been reflected in the Revolut SEK SEK account in the nominal ledger. Assume no VAT and please show forex conversion workings at the bottom of the spreadsheet.

Once the above transactions have been adjusted, please clearly show the final trial balance.