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Hi this is the answer someone gave me but I forgot to add the BANK OPENING BALANCE in the question which is 101,000 $ only this term was missing in that question but now i need answer with this term too. Thanks

Organisation = King T-shirt Ownert = student name Here is some information about the month of October 2020 Bank opening balance = 101,000$ Depreciation = 48,000$ RM opening balance = 5,000$ Floor supervisor and Director = paid a total of 30,000$ for their October salaries Wip monthend physical count = 14,000$ Electricity payment = 25,000$ Purchase on credit 75,000 meter of fabric at 2.50$/meter RM monthend physical count = 2,000$ Employees worked 3,500 hours at 17.285/hr. All paid. Insurance payment = 8,000$ Wip opening balance = 19,000$ Sales cash = 900,000$ FG monthend physical count = 80,000$ Rent payment = 35,000$ FG opening balance = 50,000$ Capital opening balance = 175,000 (credit) Prepare the following: o Journal entries, o T accounts, o Trial balance, o Cost of Goods Manufactured statement, Income statement, Statement of change of equity, Balance sheet O Journal Entries 1 RM Creditor (Purchase of Fabric) Dr Cr $1,87,500.00 $ 1,87,500.00 2 WIP RM Dr Cr $1,90,500.00 $1,90,500.00 3 FG WIP Dr Cr $1,95,500.00 $1,95,500.00 4 Labour Charges Cash Dr Cr $ 60,480.00 $ 60,480.00 Dr 5 COGS FG $1,65,500.00 $1,65,500.00 Cr 6 COGS Labour Charges Dr Cr $ 60,480.00 $ 60,480.00 7 Cash Sales Dr Cr $9,00,000.00 $9,00,000.00 8 Salaries Cash Dr Cr $ 30,000.00 $ 30,000.00 Dr 9 Depreciation Fixed Assets $ 48,000.00 $ 48,000.00 Cr 10 Electricity Cash Dr Cr $ 25,000.00 $ 25,000.00 11 Insurance Cash Dr | Cr $ $ 8,000.00 8,000.00 Dr 12 Rent Cash $ 35,000.00 $ 35,000.00 Cr 13 Net Income (Income Statement) Capital Dr Cr $5,28,020.00 $5,28,020.00 T Accounts $ 1,90,500.00 $ 2,000.00 $ 1,92,500.00 $ 1,95,500.00 RM Opening Balance $ 5,000.00 Transfer to WIP (B/f) Creditor (Purchase of Fabric) $ 1,87,500.00 Closing Balance $ 1,92,500.00 WIP Opening Balance $ 19,000.00 Transfer to FG (B/f) Transfer from RM $ 1,90,500.00 Closing Balance $2,09,500.00 FG Opening Balance $ 50,000.00 Cost of Goods Sold (B/f) Transfer from WIP $ 1,95,500.00 Closing Balance $2,45,500.00 COGS Transfer from FG $ 1,65,500.00 Income Statement Labour Charges $ 60,480.00 $ 14,000.00 $ 2,09,500.00 $ 1,65,500.00 $ 80,000.00 $ 2,45,500.00 $ 2,25,980.00 $ 1,87,500.00 Creditor Cash Opening RM Opening WIP Opening FG $ 7,41,520.00 5,000.00 $ 19,000.00 50,000.00 $ 9,00,000.00 Sales Purchases Labour Salaries Depreciation Electricity Insurance Rent ta ta ta ta ta ta ta 1,87,500.00 60,480.00 30,000.00 48,000.00 25,000.00 8,000.00 35,000.00 Fixed Assets (B/f) Net Profit $ 53,000.00 $ 12,62,500.00 $ 12,62,500.00 Cost of Goods Manufactured: Materials Opening RM Inventory $ 5,000.00 Add: Purchases 1,87,500.00 Less: Ending RM Inventory $ -2,000.00 $ 1,90,500.00 Add: Beginning WIP Less: Ending WIP $$$$ 19,000.00 -14,000.00 5,000.00 Labour $ 60,480.00 Cost of Goods Manufactured $ 2,55,980.00 Cost of Goods Sold Cost of Goods Manufactured Add: Beginning FG Less: Ending FG Cost of Goods Sold $ 2,55,980.00 $ 50,000.00 $ -80,000.00 $ 2,25,980.00 $ 9,00,000.00 $ 2,25,980.00 $ 6,74,020.00 Income Statement Sales Less:Cost of Goods Sold Gross Profit Less: Other Expenses Salaries Depreciation Electricity Insurance Rent Net Profit $ 30,000.00 $ 48,000.00 $ 25,000.00 $ 8,000.00 $ 35,000.00 $ 5,28,020.00 Statement of Changes in Equity Opening Capital Balance $ 1,75,000.00 Add: Net Profit $ 5,28,020.00 Closing Capital Balance $ 7,03,020.00 Balance Sheet Capital & Liabilities Capital Balance Amount Assets 7,03,020.00 Fixed Assets (B/f $ Amount 53,000.00 $ Cash $ 7,41,520.00 Liabilities Creditor Inventory $ 1,87,500.00 Raw Material $ 2,000.00 WIP $ 14,000.00 Finished Goods $ 80,000.00 A tA TA $ 8,90,520.00 $ 8,90,520.00