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Following are balances extracted from the books of accounts of Arc Design Limited as on 30 June 2018: SL# Account Name Balance (BDT) 1 Cash
Following are balances extracted from the books of accounts of Arc Design Limited as on 30 June 2018: SL# Account Name Balance (BDT) 1 Cash in hand 4,200 2 Cash at Bank 16,800 3 4 5 Advances and prepayments to Suppliers Advance money received from customers Account Receivables 18,000 16,000 24,600 6 Account Payables 32,400 7 Capital 50,000 8 Drawings 18,000 9 10 11 Sales Purchases Transportation Expenses 110,000 75,000 2,700 22122222222 Salaries 12,000 13 Advertisement 2,400 14 Insurance 1,600 15 Furniture 7,500 16 Depreciation Exp.- Furniture 750 17 Accumulated Depreciation- Furniture 750 18 Inventory 18,600 19 Office Rent 2,000 20 Bank Loan 50,000 Land Interest expense 50,000 5,000 Requirements: a. Prepare the trial balance of Arc. Design Limited as on 30 June 2018. b. Prepare the Statement of Financial Position (Balance Sheet) as on 30 June 2018. c. Prepare the Statement of profit & Loss and Other Comprehensive Income (Income Statement) for the year ended on 30 June 2018
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