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Hello dear Please may u answer this question Note The first 2 pictures are the question, but the next pictures are to help you how
Hello dear
Please may u answer this question
Note The first 2 pictures are the question, but the next pictures are to help you how to answer the above question(techniques)
Best regards, Abo Mohammed
You were given the Adjusted Trial Balance of Al Mawali Building Materials, LLC. Al Mawali Building Materials LLC Adjusted Trial Balance 31-Dec-19 Debits Credits Accounts (OMR) (OMR) Creditors 14,300 Accounts Receivable 145.450 Outstanding salary 14,500 Interest Received 1,750 Prepaid Rent 2,600 Bank overdraft 4,350 Accounts Payable 21,350 Bills Receivable 30.200 Capital 379,010 Cash 175,500 Fumiture 64,500 Dividend 14,500 Drawing 34,500 Machinery 60,500 Prepaid Insurance 12,300 Insurance Expense 4500 Salary 2,400 Water charges 400 Goodwill 12,300 Office Expenses 12,250 Retained earnings 4,300 Bank Loan 20,500 Service Revenue 120,400 Interest Payable 12.440 Supplies 15,000 Motor Van 4,500 Electricity Expense 1,500 Totals 592.900 592,900 Question No. 3 Required: Prepare the following: a. Income Statement (5.5 Marks) b. Statement of Changes on Owner's Equity (1.5 Marks) A. Income Statement for the year ended 31st December, 2019 OMR OMR B. Statement Showing Changes in Owner's Equity. Question No. 4 Using the information in case no. 3, prepare balance sheet of Al Mawali Building Materials, LLC. (8 marks) Balance Sheet as at 31st December, 2019Step by Step Solution
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