Q2) Following is the Trial Balance of Yousaf Trading Company as on 31-12-2021.

Name of Account	SR		Name of Account	SR
Purchases Supplies expenses Salaries expenses Electricity charges Building Cash Telephone charges Account receivable Wages Investments Prepaid Rent Advertisement expenses Opening inventory Total	23,190 200 500 250 19,500 1500 100 1,000 310 2,000 7,300 650 6,500 63000		Sales Account payable Interest received Bank loan Capital Total	33,000 3,190 300 5,000 21,510 63000

requirements:-

You are required to prepare Income Statement and Balance Sheet. End period adjustments are as follow:

The merchandise inventory as on 31-12-2021 was valued at SR 2,000.

Interest unearned SR 50.

Unexpired rent SR 1200.

Interest on other investments earned but not received yet SR 700.

Outstanding salaries SR 400.

Depreciation 3% to be changed on Building.