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Adjusted Trial Balance for the year ended December 31, 2019 2018 10001 Cash in hand 110 200 10002 Cash at bank 115 1,250 10003 Trade
Adjusted Trial Balance for the year ended December 31, | 2019 | 2018 | |
10001 | Cash in hand | 110 | 200 |
10002 | Cash at bank | 115 | 1,250 |
10003 | Trade receivables | 550 | 500 |
10004 | Allowance for doubtful accounts | (55) | -50 |
10005 | Prepaid rent | 66 | 60 |
10006 | Prepaid supplies | 110 | 100 |
10007 | Inventory | 310 | 100 |
10008 | Land | 1,165 | 150 |
10009 | Building | 1,000 | 1,000 |
10010 | Accumulated Depreciation for Building | (300) | (100) |
10011 | Long-Term Investments | 1,000 | - |
20001 | Trade payables | (385) | -550 |
20002 | Zakat payable | (110) | -100 |
20003 | Employee accruals | (110) | -100 |
20004 | Materials accruals | (110) | -100 |
20005 | Services accruals | (165) | -150 |
20006 | Accrued electricity | (55) | -50 |
20007 | Accrued water charges | (55) | -50 |
20008 | Other accruals | (55) | -50 |
20009 | Long-Term Loan from bank | (850) | -230 |
30001 | Share capital | (100) | -100 |
30002 | Retained earnings | (1,730) | - |
30003 | Dividend declared | 550 | - |
40001 | Revenue | (9,070) | -9000 |
40002 | Cost of revenue | 7,185 | 6,350 |
40003 | G and A Employee salary | 165 | 150 |
40004 | G and A Employee allowances | 220 | 200 |
40005 | G and A Deprecation Expenses | 200 | 100 |
40006 | G and A Rent Expenses | 53 | 60 |
40007 | G and A Utilities (water and electricity) | 220 | 200 |
40008 | G and A Bad debt expense | 55 | 50 |
40009 | Zakat expense | 110 | 100 |
40009 | S and D Advertisment expenses | 66 | 60 |
40011 | Dividend received | (100) | - |
Prepare 4 statments , Using the information above
1-prepare the statement of income for the years ending December 31, 2018 & 2019
2- prepare the statement of retained earnings for the year ending December 31, 2019
3-prepare the statement of financial position for the years ending December 31, 2018 & 2019
4-prepare the statement of cash flows for the year ending December 31, 2019
the information is sufficent this is the qestion from your note and i have with cheacked my prof and there is nothing missing, please solve the question
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