Question: please help Ca sh.. Account Office Supplies.. Land u ilding Office equipment.... Capital................................................................ Drawing. . CommissionEarned............................................... Advertising Expense.... .... .................................... Automobile Rental Expense................................... Salaries Telephone

please help

Ca sh.. Account Office Supplies.. Land u ilding Office equipment.... Capital................................................................ Drawing. . CommissionEarned............................................... Advertising Expense.... .... .................................... Automobile Rental Expense................................... Salaries Telephone Expense. . Instructions: a. Income statement b. Balance Sheet. The operation of Alfalah Builders consists of obtaining listings of houses being offered for sale by owners, advertising these houses, and showing them to prospective buyers. The company earns revenue in the form of commissions. The building and office equipment used in the business were acquired in Jan.l of the current year and were immediately placed in use. Useful life of the building was estimated to be 3C years and that of the office equipment five years. The company closes its accounts monthly; on March 31s of the current year, the trial balance is as follows: Alfalah Builders Unadjusted Trial Balance March 31, 2008 Accumulated depreciation: Accumulated depreciation: Office equipment......... Accounts s 9,750 7,500 850 30,000 90,000 s soo 21,000 700 14,750 136,650 20000 900 500 7,000 600 S172,600 S17Z600
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
