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Task:

Finalize the accounting in the form above, taking into account the points for the closure of the accounts.

Each column in the form refers to the information below.

Points for the closure of the accounts:$\backslash$table$[[,,,$Transfer,Result,Balance,CONTROL$],[$Account No$.,$Account Name,Opening Balance,Debit,Credit,Debit,Credit,Debit,Credit$],[1200,$Fixed Assets,$2,300\mathrm{.}0,0\mathrm{.}0,0\mathrm{.}0,0\mathrm{.}0,0\mathrm{.}0,0\mathrm{.}0,0\mathrm{.}0,2,300\mathrm{.}0],[1440,$Inventory,$300\mathrm{.}0,,,,,,,300\mathrm{.}0],[1500,$Accounts Receivable,$470\mathrm{.}0,,,,,,,470\mathrm{.}0],[1700,$Advance Rent,$60\mathrm{.}0,,,,,,,60\mathrm{.}0],[1702,$Advance Salary,$0\mathrm{.}0,,,,,,,0\mathrm{.}0],[2050,$Other Equity,$-1,000\mathrm{.}0,,,,,,,-1,000\mathrm{.}0],[2220,$Long$-$term Loan,$-750\mathrm{.}0,,,,,,,-750\mathrm{.}0],[2380,$Overdraft,$60\mathrm{.}0,,,,,,,60\mathrm{.}0],[2400,$Accounts Payable,$-375\mathrm{.}0,,,,,,,-375\mathrm{.}0],[2770,$Payroll Tax Payable,$0\mathrm{.}0,,,,,,,0\mathrm{.}0],[2780,$Accrued Employer Tax on Holidays,$-21\mathrm{.}2,,,,,,,-21\mathrm{.}2],[2930,$Salary Payable,$0\mathrm{.}0,,,,,,,0\mathrm{.}0],[2940,$Holiday Payable,$-150\mathrm{.}0,,,,,,,-150\mathrm{.}0],[2950,$Accrued Interest Payable,$0\mathrm{.}0,,,,,,,0\mathrm{.}0],[2990,$Miscellaneous Liabilities,$-400\mathrm{.}0,,,,,,,-400\mathrm{.}0],[3000,$Operating Revenues,$-5,000\mathrm{.}0,,,,,,,-5,000\mathrm{.}0],[4000,$Purchases,$1,750\mathrm{.}0,,,,,,,1,750\mathrm{.}0],[5000,$Salary Expenses,$1,490\mathrm{.}0,,,,,,,1,490\mathrm{.}0],[5180,$Holiday Pay,$150\mathrm{.}0,,,,,,,150\mathrm{.}0],[5400,$Employer's National Insurance Contributions,$188\mathrm{.}0,,,,,,,188\mathrm{.}0],[5410,$Accrued Employer Tax on Holidays,$21\mathrm{.}2,,,,,,,21\mathrm{.}2],[6000,$Depreciation,$0\mathrm{.}0,,,,,,,0\mathrm{.}0],[7900,$Operating Expenses,$875\mathrm{.}0,,,,,,,875\mathrm{.}0],[8150,$Interest Expense,$32\mathrm{.}0,,,,,,,32\mathrm{.}0],[8960,$Allocated to Other Equity,$0\mathrm{.}0,,,,,,,0\mathrm{.}0],[$SUM$,,0\mathrm{.}0,,,,,,,0\mathrm{.}0]]$

$1.$ The company owes $15$ in salary on December $31.$ This has not been recorded. An advance salary payment of $5$ has been incorrectly recorded in account $5000.$

$2.$ Check the provision for holiday pay $(12\%)$ and accrued employer's national insurance contributions on holiday pay $(14\mathrm{.}1\%)$ and make any necessary corrections.

$3.$ Check the provision for employer's national insurance contributions $(14\mathrm{.}1\%)$ and make any necessary corrections.

$4.$ The inventory amounts to $250,$ calculated at purchase prices.

$5.$ The loan $($account $2220)$ is subject to $5\%$ interest. Interest and installments are paid on April $1$ each year.

$6.$ Rent for January and February next year has been paid, totaling $25.$

$7.$ Fixed assets are depreciated linearly over $10$ years. As of January $1,$ the company had fixed assets acquired for $2,500.$

In early September, new fixed assets were purchased for $500.$

$8.$ The annual profit$/$loss is charged to Other Equity.

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