BBA 2Y CO.

Unadjusted Trial Balance

The following is the pre-closing Trial Balance of BBA 2Y CO. prepared on Dec, 31 2020
Name of Accounts	Debit	Credit
Cash	20,000
Merchandise Inventory (1.1.20)	8,000
Office Equipment	40,000
Purchases	62,000
Salaries Expense	5,500
Rent Expense	5,000
Office Supplies	500
Insurance Prepaid	1,200
Accounts Receivable	20,000
Sales Returns	1000
Furniture	27,300
BBA 2Y Drawings	5,000
Unearned Commission		5,000
Sales		95,000
Purchase Returns		1000
BBA 2Y Capital		70,000
Accumulated Dep. On Office equipment		2,500
Accounts payable		22,000
Total	195,000	195,000

Data for adjustments on December 31, 2020

1. Merchandise inventory was valued at Rs. 20,000.
2. Fee of Rs. 1,700 is still unearned.
3. Rent Accrued Rs. 1,000.
4. Office Supplies unused Rs. 300.
5. Insurance expired, Rs. 900.
6. Depreciation on Office Equipment was estimated at Rs. 3,500.

REQUIRED

Prepare Adjusting Entries in General Journal

Prepare Adjusting Trial Balance

Prepare Income Statement in classified report form for the year ended December 31, 2020.

Prepare Balance Sheet in classified account form as of December 31, 2020.