Question: please answer the first question. it wants you to create an income statement and balance sheet Q1) Following is the Trial Balanoe of Osaosh Trnding

please answer the first question. it wants you to create an income statement and balance sheet

Q1) Following is the Trial Balanoe of Osaosh Trnding Conpany as on 31-12-2021. You are required to Eed period a sdiustenents are as follow: - The merchandise invenlery as on 31-12-2021 was valued at SR2,310 - Depresintion 5% to be provided on Building, - Unexpired insurance SR 1300. - Other cost on purchases SR 500. - Wages pajd in advance SR 15. Q2) Following is the Trial Belance of Yousaf Trading Company as on 31-12-2021. You are required to Eed period adjustenents are as follow: - The merchandise inventery as on 31-12-2021 was valued at SR 2,000. - Interest anearned SR 50 . - Unexpired rent SIR 12O0. - Interest on other investments eamad but not received yet SR 700. - Outataeding salaries SR 400 . - Depreciation 3% to be changed on Building

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