KD means kuwait dinar

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Cr. 2000 6000 Trial Balance on 12/31/2003 Dr. Cash 8000 Accounts Receivable - Payable 1000 Cars - Accumulated Dep.: Cars 9000) Salaries Expense 10000 Supplies 1000 Prepaid Advertising Expense 5000 Purchases - Sales 9000 Sales Discount - Purchases Discount 2000 Equipment - Accum. Dep. Equip. 4000 Unearned Rent Income Notes Payable Notes Receivable 5000 Gain on disposal Services Income Inventory Jan, 1st 7000 Capital 20000 1000 2000 7000 3000 2000 1000 Ending Inv. 17000 6125 61000 61000) Adjustments at the year end: a. Advertising Expense for the year was KD 4000. b. Supplies Expense was KD 800. c. Monthly rent income was KD 550. d. Monthly Services income was KD 100. e. Salaries Payable was KD 2000. f. Cars depreciated Using S.L.M.Years of useful life is 10 years g. Equipment depreciated Using D.D.B Years of UL 8 years New Equipment costing KD 1000 purchased on 7/1. Prepare : 1- Adjusting and closing entries. 2-Income statement. 3- Balance sheet