Bookkeeper of Diamond Trading could not balance the Trial Balance 10 marks Please help the bookkeeper to correct the same. Dr Cr Sales 8,535 Prepaid expenses 620 Outstanding salaries 1,100 Office expenses 3,300 Material Purchases 5,230 Interest Revenue 45 Bank loan 740 Owner's capital 5,000 Buildings 3,640 Salary expenses 2,630 15,565 15,275

Q. 7) Please prepare Income Statement and Balance Sheet of Diamond 20 marks Trading from the adjusted Trial Balance in question above