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7. The Taranagar Enterprise opened for business few years ago. Its trial balance (231/3) on June 30,2020 is as follows: Taranagar Enterprise Trial Balance as

image text in transcribed 7. The Taranagar Enterprise opened for business few years ago. Its trial balance (231/3) on June 30,2020 is as follows: Taranagar Enterprise Trial Balance as on June 30,2020 Other information: 1. Ending inventory was valued at Tk. 60,000 . 2. Prepaid insurance of Tk. 10,000 has been expired during the year. 3. Supplies of Tk. 10,000 were at hand at the end of the year. 4. Buildings and equipment are to be depreciated @ 5% per annum on cost. =6= 5. Salaries of Tk. 20,000 were still unpaid. 6. Interest on loan of Tk. 10,000 is accrued. Renuired: Prepare a multiple-step income statement for the year ended 30 June 2020 and a classified balance sheet as at 30 June 2020

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