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Q. No. 3 The unadjusted Trial balance of Aslam & Co on 30 June is shown below: Account Debit Credit Cash 120,000 Accounts Receivable Merchandise

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Q. No. 3 The unadjusted Trial balance of Aslam & Co on 30 June is shown below: Account Debit Credit Cash 120,000 Accounts Receivable Merchandise Inventory Prepaid Advertising Accounts Payable Unearned Commission Capital Sales Sales Discount Purchases Salaries Expense Office Supplies Expenses Rent Expenses 80,000 50,000 36,000 40,000 20,000 100,000 480,000 40,000 270,000 22,000 6,000 16,000 Supplementary data for adjustment: 8. Unused office supplies, Rs. 1,800 9. Salaries payable, Rs.3.000 10. Salaries paid in advance, Rs.10,500 11. Unearned commission, Rs.9,000 12. Commission Receivable Rs.8,400 13. Prepaid advertising, Rs.25,800 14. Rent Expense for the year, Rs.36,000 15. Merchandise Inventory as on June 30, is 40,000 REQUIRED: 1. Adjusting Entries 2. Income Statement 3. Balance Sheet

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