prepare comparative financial statements including balance sheet and income statement.

LabaLaba.Ltd Particulars Dr Mop 50,000 Cr Mop rent expense Cash paid the rent 50,000 00 och Office Equipment $47.500 Note payable purchased 3 computers fumature and 2 printers and 10 closets $47,500 $80,000 1 2 Date 3 2021 4 Sep 1 5 6 7 8 Sep 2 9 10 11 12 Sep 5 3 14 5 6 Sep 9 7 8 9 0 Sep 10 1 2 3 Sep 13 5 Decoration expense Cash paid for decoration $80,000 $2,000 Motor Vehicle Cash purchases three rounds of motorcycle $2,000 Supplies $260 Cash purchases 100 coat hanger 5 tape measures ,10 pencils $260 Equipment $10900 Cash purchase 2 water fountains and central air-conditioning $10900 5 Sep 16 $30000 . Inventory Cash Purchased clothing from manufacturers $30000 Sep27 $20,000 Accounts Receiveable Revenue received revenue by selling clothing $20000 $1,000 $1,000 1000 28-Sep Electricity Expenses Cash Paid for electricity bill 29-Sep Water Expenses Cash Paid for water bill Sep30 Wages exspense Cash paid salaries to employees 1000 $10000 $10000 LabaLaba.Ltd Date Particulars 2021 1-Oct Rent Expense Cash Pay the rent with cash Dr Mop 50,000 Cr Mop 50.000 10,000 2-Oct cash common stock To record issue of common stock 10.000 3.200 4-Oct Office supplies Note Payable To record office supplies purchased on account 3.200 4,600 7-Oct Inventory Accounts Payable Buy clothes by account 4,600 3.000 10-Oct Electricity Expense Cash Pay the electricity fee 3,000 1,000 16-Oct Cash loan payable To record loan 1,000 500 20-Oct Prepaid insurance cash To record payment for 3-year insurance policy 500 23,000 28-Oct Accounts receivable Sales Revenue the clothing sales 23,000 U 50000 1-Nov Rent Expense Cash Pay the rent with cash 50000 1800 2-Nov Cash Accounts payable Payment for trade payable 1800 5000 3-Nov Inventory Cash Purchased children's clothing 5000 500 4-Nov develiveing Expenses Cash Carriage fee for devellveing inventory 500 34000 5-Nov Accounts receivable Fees earned being fees earned 34000 300 10-Nov telephone expense cash being telephone bill paid 300 300 300 11-Nov Petty Expenses Cash Petty expensies from office 3000 3000 17-Nov Electricity Expenses Cash Electricity fee 300 300 18-Nov Petty Expenses Cash Petty expensies from office $1,000 $1,000 20-Nov Water Expenses Cash Paid for water bill 10000 10000 27-Nov Salary Expenses Cash Paid salary for workers 25000 28-Nov Account receivable 25000 Revenue Revenue by saleing children dothing 20 20 30-Nov interest expense interest payable