Samer's company provided the following Trail Balance: TITLES OF LEDGER ACCOUNTS Capital Furniture Cash Accounts Payable Accounts Receivable Drawings Advertising Expenses Car for delivery Salaries Loan Rent received Land and Building Bills outstanding Computer and software Plant and Machinery Prepaid rent sales Notes payable Cost of Goods Sold Stock (Inventory) Total Debit 11,600 16,400 4,600 3,500 1,500 7,000 2,900 24,500 2,300 6,400 1,200 6,900 3,000 91,800 Prepare: 1. Income Statement 2. Balance Sheet for the year July 2022. Credit 31,900 8,700 12,500 1,400 2,000 34,700 600 91,800 Styles

Samer's company provided the following Trail Balance: TITLES OF LEDGER ACCOUNTS Capital Furniture Cash Accounts Payable Accounts Receivable Drawings Advertising Expenses Car for delivery Salaries Loan Rent received Land and Building Bills outstanding Computer and software Plant and Machinery Prepaid rent sales Notes payable Cost of Goods Sold Stock (Inventory) Total Debit 11,600 16,400 4,600 3,500 1,500 7,000 2,900 24,500 2,300 6,400 1,200 6,900 3,000 91,800 Prepare: 1. Income Statement 2. Balance Sheet for the year July 2022. Credit 31,900 8,700 12,500 1,400 2,000 34,700 600 91,800 Styles

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Explainations would be apprectiated and I would also like help with formating.
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