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QUESTION 1 ADJUSTING ENTERIES AND ADJUSTED TRAIL BALANCE Given: The following balance were extracted from the books of Yasin Brothers for the financial year ending December 31, 2009, Account Title Debit Credit Cash 5000 Account Receivable 27000 Merchandise Inventory (Opening) 30000 Unexpired Insurance 3000 Sales 105000 Purchases 60000 Purchase Discount 2000 Sales Return 4000 Accounts Payable 12000 Capital Yasin ? Drawing Yasin 15000 Unearned Rent 12000 Salaries Expense 15000 General Expense 2000 Supplementary Data for Adjustment: 1. Unearned Rent 2/3 2. Insurance Expired 1/3 3. Merchandise Inventory (Closing) Rs. 25000 4. Accured Salarios 3000 Required: 1. Make Adjusting Entries (3 Marks) 2. Make Adjusted Trail Balance (2 Marks) 3. Income Statment