$10$:$17$ AM Mon $22$ Jul

$52\%$

Final Project.pdf

Q$3)$ Following is the Trial Balance of Hamza Trading Company as on $31-12-2021.$ You are required to prepare Income Statement and Balance Sheet.

$\backslash$table$[[$Name of Account,SR$,$Name of Account,SR$],[$Cash$,2,125,$Sales,$30,000],[$Account receivable,$3,700,$Account payable,$1,625],[$Prepaid rent,$6,050,$Notes payable,$2,000],[$Opening inventory,$2,300,$Purchase returns,$625],[$Insurance expenses,$250,$Capital,$11,725],[$Office equipment,$1,500,,],[$Sale returns,$875,,],[$Wages$,2,400,,],[$Supplies expenses,$2,650,,],[$General expenses,$375,,],[$Purchases$,23,750,,],[$Total$,45,975,$Total,$45,975]]$

End period adjustments are as follow:

The merchandise inventory as on $31-12-2021$ was valued at SR $3,000.$

Supplies unexpired SR $650.$

Outstanding wages SR $120.$

Commission earned but not received yet SR $500.$

Bad debts SR$.700.$

Q$4)$ Following is the Trial Balance of Ali Trading Company as on $31-12-2021.$ You are required to prepare Income Statement and Balance Sheet.

$\backslash$table$[[$Name of Account,SR$,,$Name of Account,SR$],[$Machinery$,12,000,$Sales,$10,000,],[$Account receivable,$10,690,$Account payable,$12,408,],[$Bank account,$3,150,$Interest received,$627,],[$Building$,7928,$Canital,$19,829,]]$