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Following is the trial balance of Cirose Cinema for the month ended on 31 January 2020. The following additional information has been extracted from the

Following is the trial balance of Cirose Cinema for the month ended on 31 January 2020. The following additional information has been extracted from the record:- i. The accounts are closed on monthly basis to determine performance. ii. The building is on rent basis and the rent for January is yet unpaid which is amounting to Rs. 140,000. iii. The film rentals for January amounting to Rs. 150,000 are yet to be adjusted against the prepaid film rentals iv. The depreciation at 10% per annum on projection equipment is to be accounted for. v. The unearned ticket revenues amounting to Rs. 6,000 have been earned during end of January 2020. vi. Salaries of security staff amounting to Rs. 28,000 are still payable. Required: a) Prepare month end adjusting accounting entries. b) Prepare 10 columns work sheet. c) Prepare following financial statements:- 1) Income Statement 2) Statement of changes in equity 3) Balance sheet

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