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(35) Credit (Tk.) 6000 50,900 3. Following is the trial balance of Joha Company. Joha Company Trial Balance December, 31, 2017 Account Title Debit (Tk.)
(35) Credit (Tk.) 6000 50,900 3. Following is the trial balance of Joha Company. Joha Company Trial Balance December, 31, 2017 Account Title Debit (Tk.) Account Receivable 12,000 Account Payable Cash 30,500 Trademark 20,000 Capital Suppliers 900 Salary expense 7,000 Administrative expense 3000 Maintenance expense 4000 Rent expense 13,000 Note Payable Bond Payable (long-term) Tax Payable Store equipment 25,000 Machinery 2,500 Unearned Commission 5,000 20,000 20,000 3,000 98,000 Sales Cost of goods sold Prepaid Insurance Goodwill 30,000 4,000 51,000 Total 202900 202900 . Other Information: Two thirds of the supplies were used during the period. Charge @ 10% depreciation on store equipment 60% rent related to office and remaining to sales. Required : (i) Prapare a multiple- step Income statement and an owner's equity statement. (ii) Prepare a classified balance sheet as on 31st December, 2017. Contd P/3
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