-prod-fleet01-xythos.content.blackboardcdn.com/5dfa31191e599/12417313?X-Blackboard-S3-Buc ad Ask Copilot + 1 of 3 2 CD (D Fund of Financial Accounting Final...

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-prod-fleet01-xythos.content.blackboardcdn.com/5dfa31191e599/12417313?X-Blackboard-S3-Buc ad Ask Copilot + 1 of 3 2 CD (D Fund of Financial Accounting Final Project Spring 2024 Q1) Following is the Trial Balance of Osamah Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet. Name of Account SR Name of Account Purchases 28,000 Sales Opening inventory 2,000 Account payable Salaries expenses 950 Purchase returns Buildings 19,500 Capital Cash 1,200 Wages 300 Telephone charges 750 Accounts receivable 1,000 Sale returns 610 Rent expenses 6,500 Prepaid insurance 9,300 Total 70,110 Total End period adjustments are as follow: . The merchandise inventory as on 31-12-2021 was valued at SR 2,310 Depreciation 5% to be provided on Building. Unexpired insurance SR 1300. Other cost on purchases SR 500. Wages paid in advance SR 15. SR 43,390 5,310 300 21,110 70,110 -prod-fleet01-xythos.content.blackboardcdn.com/5dfa31191e599/12417313?X-Blackboard-S3-Buc ad Ask Copilot + 1 of 3 2 CD (D Fund of Financial Accounting Final Project Spring 2024 Q1) Following is the Trial Balance of Osamah Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet. Name of Account SR Name of Account Purchases 28,000 Sales Opening inventory 2,000 Account payable Salaries expenses 950 Purchase returns Buildings 19,500 Capital Cash 1,200 Wages 300 Telephone charges 750 Accounts receivable 1,000 Sale returns 610 Rent expenses 6,500 Prepaid insurance 9,300 Total 70,110 Total End period adjustments are as follow: . The merchandise inventory as on 31-12-2021 was valued at SR 2,310 Depreciation 5% to be provided on Building. Unexpired insurance SR 1300. Other cost on purchases SR 500. Wages paid in advance SR 15. SR 43,390 5,310 300 21,110 70,110