The following are the balances extracted from the books of Al-Tawfiq Financial Consulting Foundation on 12/30/2021:

• salaries and wages (250,000)

• cash on hand (60,000)

• creditors (18,500)

• consulting revenue (450,000)

• stationery items (15,000)

• rental expenses (120,000)

• other revenues (25,000)

• general and administrative expenses (15,000)

• Furniture (20,000)

• Long-term loan (60,000)

• Cars (70,000)

• Cash in the bank (100,000)

• Owes (16,500)

• Capital (113,000)

 

Required

Preparing the following financial statements:

1-income list

2-Capital list

3-Statement of financial position

Answer rating: 100% (QA)

AlTawfiq Financial Consulting Foundation Financial Statements December 31 20... View the full answer