kindly do this as soon as possible.. requirements are written in last picture CREDIT Rs. AZW...

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CREDIT Rs. AZW & Company Unadjusted TRIAL BALANCE DECEMBER 31, 2018 TITLE OF ACCOUNT DEBIT Rs. Cash 210,350 Account receivabl

Adjusting Entries Depreciation Depreciation Expense (83200*2%) 1664 • Accumulated Depreciation (Equipment) (To Adjust Depreci

Adjusting entry for TAX Tax Expense 33,734 Tax Payable 33,734 (to Adjust Tax expense) Multi Step Income statement Sales ..sal

Multi Step Income statement Rs. RS Rs. • Sales 442,000 . - sales return 2000 • Sales Discount 2400 (4400) • Net sales 437600

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Answer 1

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1 & 4) Adjusted Trial Balance, Balance Sheet :
	Unadj Trial Bal.	Adjustments	Adjusted Trial Bal.	Income Statement	Balance Sheet
Acc Titles	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	210350				210350				210350
Acc Recei.	54600				54600				54600
Note Recei.	83000				83000				83000
Land	100000				100000				100000
Inven Op	40500			40500
Inven Cl.			42000		42000				42000
Supplies	1650				1650				1650
Prepaid Insurance	1200				1200				1200
Equip	83200				83200				83200
Acc Dep-Eq		2400		1664		4064				4064
Acc Payable		47000				47000				47000
Tax payable				33734		33734				33734
Note Paya. LT		12600				12600				12600
Capital-Salman		175000				175000				175000
sales revenue		442000				442000		442000
Sales discount	2400				2400		2400
Sales ret & all	2000				2000		2000
Other Income		600				600		600
Purchases	89300			89300
Pur. Discount		3000	3000
Pur. Ret. & all		1200	1200
Freight in	6200			6200
COGS			136000	46200	89800		89800
Interest exp.	9400				9400		9400
Dep. Exp.			1664		1664		1664
Tax exp.			33734		33734		33734
Total	683800	683800	217598	217598	714998	714998	138998	442600
Net Income/Retained Earnings								303602		303602
G. Total									576000	576000


2) Closing Entries:

Acc titles	Debit	Credit
Sales revenue	442000
Other Income	600
Sales discount		2400
Sales ret & all		2000
Income Summary		438200
(income transferred to Inc Summary)

Income Summary	134598
COGS		89800
Interest exp.		9400
Dep. Exp.		1664
Tax exp.		33734
(Transfer of expenses to Inc Summary)



3) Post Closing Trial Balance:

Acc Titles	Dr.	Cr.
Cash	210350
Acc Recei.	54600
Note Recei.	83000
Land	100000
Inven Op
Inven Cl.	42000
Supplies	1650
Prepaid Insurance	1200
Equip	83200
Acc Dep-Eq		4064
Acc Payable		47000
Tax payable		33734
Note Paya. LT		12600
Capital-Salman		175000
Retained Earnings		303602
Total	576000	576000

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