TIME DURATION 3HRS Question 1: The following data is extracted from the books of abacus consultants. Description Debit Credit Purchases 720 Carriage inward 930 Wages 1560 Salaries 1220 General expense 300 Cash 1630 Premises 6500 Furniture 1500 Stock 550 Drawing 70 Account Receivable 1200 Sales/revenue 5000 Owners Equity 9500 Notes Payable 700 Creditors 240 Salaries Payable 740 Total $ 16180 $ 16180 Adjustments: 1. Stock at 31st, December was valued at $320 2. General expenses of $150 paid for a year. 3. A debt of $100 is to be written off as bad debt. 4. Unpaid salaries during the 2020 was $140 REQUIREMENTS: Make the complete worksheet. Pass adjusting and closing entries. Make post closing trial balance.