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Q2. Basit ama Konuyu Anlayan zer Inc. adjusts its accounts on a monthly basis. Below table shows the adjusted balances for end of September, August

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Q2. Basit ama Konuyu Anlayan zer Inc. adjusts its accounts on a monthly basis. Below table shows the adjusted balances for end of September, August and June. According to the table below prepare the a-) quarterly income statement for the 4th quarter (20 pts.) b-) semi-annual income statement (20 pts.) 30.09.2020 100.000 31.08.2020 85.000 30.06.2020 60.000 Sales Revenue 12.000 10.000 5.000 Salaries Expense Rent Expense 7.000 4.000 2.500 Unearned Revenue 15.000 8.000 2.000 5.000 3.000 1.500 Prepaid Insurance Expense Depreciation Expense 20.000 16.000 12.000

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