BMC Ltd Adjusted Trial Balance 31 June 2019 Heads of Account Ref S. No. Cash Accounts Receivable Supplies Prepaid indurance Equipment Accumulated depreciation-Truck Accounts payable Salaries Payable Unearned lawn mowing revenue Common stocks Dividends lawn mowing revenue Gas Expense Advertising Expense Depreciation expense-equipment Supplies expense Salaries expenses Balances (Rs.) Debit Credit 2950 575 40 240 2500 35 28 420 100 5000 1000 2350 35 35 35 85 420 Total 7,933 7,933 Question 1 (5 Marks) Prepare the financial statements: Income statement, Retained Earning and the Statement of the Financial Position from the adjusted Trail Balance. Question 2 (3 Mrks) Describe the nature and purpose of an adjusted trial balance? BMC Ltd Adjusted Trial Balance 31 June 2019 Heads of Account Ref S. No. Cash Accounts Receivable Supplies Prepaid indurance Equipment Accumulated depreciation-Truck Accounts payable Salaries Payable Unearned lawn mowing revenue Common stocks Dividends lawn mowing revenue Gas Expense Advertising Expense Depreciation expense-equipment Supplies expense Salaries expenses Balances (Rs.) Debit Credit 2950 575 40 240 2500 35 28 420 100 5000 1000 2350 35 35 35 85 420 Total 7,933 7,933 Question 1 (5 Marks) Prepare the financial statements: Income statement, Retained Earning and the Statement of the Financial Position from the adjusted Trail Balance. Question 2 (3 Mrks) Describe the nature and purpose of an adjusted trial balance