Prepare financial statements income statement, retained of earnings and balance sheet from adjusted trial balance

e,requirement is s.d t:ial balance only, the same has been provided below. It, however, incorporates unadjusted trial balance as well. Unadjusted Adjustments Balance Trial Balance Adjustmemts Adjusted Trial Debit Credit Debit Credit Debit Credit Cash 13,000 15,000 Accounts500 1,000 2.000 Supplies 3,000 Furniture 6,000 10,000 3,000 5,000 6,500 Wages 2,000 2,000 3,000 1,000 2,000 Dividends 1,000 1,000 1,000 50 50 Expense 50 150 150 Expense 150 1S0 527,500S27,50057,20057,200 532.700 532.700 Total Notes: I) The balances in unadjusted trial balance have been calculated with the use of general entries provided in the question. For Instance, the calculation of SI5,000 as cash involves following additions and subtractions: Cash Balance = 5.000-10.000-6,000- 2,000+3,000+5,000+1,000-1,000-S15,000 (all debits have been added and all credits deducted) 2) The entries in adjustments columns have been derived from the information relating to adjustments provided in the ) The amounts in adjusted trial halance have been arrived by simply adding debit amounts and deducting credit amounts reflected in adjustments for debit/assct/expense accounts and vice versa for creditliability/income accounts