ACCOUNTING & FINANCE PART-II Time Limit: 30 minutes Question: Below is the trial balance of N.A...

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ACCOUNTING & FINANCE PART-II Time Limit: 30 minutes Question: Below is the trial balance of N.A James as on October 1, 2019. Prepare income statement and balance sheet from the given trial balance. N.A James Trial Balance October 1, 2019 Accounts Debit Credit Bank 6915 Accounts Receivable - Tenkins & Co. 1200 Office Supplies 300 Office Equipment 1100 Automobile 18000 Accounts Payable of office equipment 600 Bank loan 5000 NA James Capital 23000 N.A James Drawings 1700 Fees Earned 1875 Advertising Expense 100 Car Expense 120 Donation Expense 100 Miscellaneous Expense 190 Rent Expense 750 30475 30475 ACCOUNTING & FINANCE PART-II Time Limit: 30 minutes Question: Below is the trial balance of N.A James as on October 1, 2019. Prepare income statement and balance sheet from the given trial balance. N.A James Trial Balance October 1, 2019 Accounts Debit Credit Bank 6915 Accounts Receivable - Tenkins & Co. 1200 Office Supplies 300 Office Equipment 1100 Automobile 18000 Accounts Payable of office equipment 600 Bank loan 5000 NA James Capital 23000 N.A James Drawings 1700 Fees Earned 1875 Advertising Expense 100 Car Expense 120 Donation Expense 100 Miscellaneous Expense 190 Rent Expense 750 30475 30475