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ASAP!! ADJUSTING ENTERIES AND ADJUSTED TRAIL BALANCE Given: The following balance were extracted from the books of Yasin Brothers for the financial year ending December

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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 5000 27000 30000 3000 105000 60000 Cash Account Receivable Merchandise Inventory (Opening) Unexpired Insurance Sales Purchases Purchase Discount Sales Return Accounts Payable Capital Yasin Drawing Yasin Unearned Rent Salaries Expense General Expense 2000 4000 12000 15000 12000 15000 2000 Supplementary Data for Adjustment: 1. Unearned Rent 2/3 2. Insurance Expired 1/3 3. Merchandise Inventory (Closing) Rs 25000 4. Accured Salaries 3000 Required: (3 Marks) 1. Make Adjusting Entries 2. Make Adjusted Trail Balance (2 Marks) (5 Marks) 3. Income Statment

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