Q3) Following is the Trial Balance of Hamza Trading Company as on 31-12-2021.

Name of Account	SR		Name of Account	SR
Cash Account receivable Prepaid rent Opening inventory Insurance expenses Office equipment Sale returns Wages Supplies expenses General expenses Purchases Total	2,125 3,700 6,050 2,300 250 1,500 875 2,400 2,650 375 23,750 45,975		Sales Account payable Notes payable Purchase returns Capital Total	30,000 1,625 2,000 625 11,725 45,975

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 3,000.

Supplies unexpired SR 650.

Outstanding wages SR 120.

Commission earned but not received yet SR 500.

Bad debts SR. 700.