Adjustments: 1. Salary Payable on December 31, 2016 is Rs. 1,500 2. Depreciation on Furniture charged to 10% by cost method 3. Inventory on hand on December is Rs. 60,000 4. 30,000 of Sales Account is unearned Required Make Adjusting Entries and Adjusted Trail Balance Q6. Make Income Statement and Balance Sheet of Wasim Mubarik Pvt Ltd. (Take data from Q -05)

Q5. Pass Adjusting Entries and then prepare Adjusted Trial Balance: Wasim Mubarik (Pt) Lid Unadjusted Trial Balance As on 31-Decouber, 2016 Amouf (R) S. NO Heads of Accounts Rer Debit Credit 1 Purchases Rehim 13.000 2 34.000 Machinery Salaries 3 17.200 4 Creditors 33.000 5 Cash in hand 10.000 6 Carriage Inward 6.000 7 Rent Received 3.000 8 Discount Allowed 2.000 9 Purchases 100.000 10 Bill Payable 20.000 11 Debtors 15.000 12 Camage Outward 5.000 13 33.200 Owner Equity Building 14 18.000 15 Sales Retuun 3.000 16 Discount Received 14.000 17 6.000 Insurance Expenses Sales IS 130.000 19 Furniture 20.000 Total Rs. 266,200 Rs. 266.200