Q3: Prepare Income Statement and Balance Sheet from the following Trial Balance Saadab. Mersbandtized Company Trial Balance June 2019 Debit Credit Cash 20000 Machinery 16000 Accumulated depreciation 4000 Opening Inventory 30000 Accounts payable 7000 Capital 44000 Service Revenue 8000 Sales 20000 Purchases 9000 Telephone Expenses 8000 Total 83000 83000 Adjustment information: 1] Depreciation for the year is RO 2000 2] Closing Inventory for merchandise is RO 3400O 3] Accrued (outstanding) electrical expense is RO 120 4 Service revenue earned but not yet collected are RO 2000

Q3: Prepare Income Statement and Balance Sheet from the following Trial Balance Saadab. Mersbandtized Company Trial Balance June 2019 Debit Credit Cash 20000 Machinery 16000 Accumulated depreciation 4000 Opening Inventory 30000 Accounts payable 7000 Capital 44000 Service Revenue 8000 Sales 20000 Purchases 9000 Telephone Expenses 8000 Total 83000 83000 Adjustment information: 1] Depreciation for the year is RO 2000 2] Closing Inventory for merchandise is RO 3400O 3] Accrued (outstanding) electrical expense is RO 120 4 Service revenue earned but not yet collected are RO 2000

Name: Q3: Prepare Income Statement and Balance Sheet from thefollowing Tria
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Description: Q3: Prepare Income Statement and Balance Sheet from thefollowing Trial BalanceSaadab. Mersbandized CompanyTrial Balance June 2019DebitCreditCash20000Machinery16000Accumulated depreciation4000Opening Inventory30000Accounts payable7000Сapital44000Serv

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 21E: (Appendix 21.1) Visual Inspection The following changes in account balances were taken from Walson...

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