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A) Record the necessary adjusting and correcting journal entries for the year ended December

Notes:

31, 2022.

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

Appendix 2 Date 30/12/2022 Subject: LOAN OUTSTANDING CERTIFICATE Customer Name: Homey Electronics Co. (the "Borrower") CR: MR6501511111111 Loan Account Number: LNC 40000231012232323333 Loan Agreement (LNA101/12/22) dated December 1, 2022, made between Party 1: First Family Bank (the "Lender") and Party 2: Homey Electronics Co. (the "Borrower") This is to certify that the aforesaid customer has a loan with FFB, details as follows: - Principal amount taken: BD150,000 - Total Interest to be paid: BD30,000 - Amount Financed in Total: BD180,000 - Monthly Instalment: BD1,500 (BD250 is an interest payment and BD1,250 is a principal payment) - Loan term: ten years (First payment is due on January 1, 2023, and the last payment is December 31, 2032) This certificate has been given upon the customer's request without any responsibility whatsoever on the part of the bank or any of its officers. Sincerely yours, FFB/ Head of Corporate Banking

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