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QUESTION 3: Given the following adjusted trial balance of Al-Emadi Company as at 31 December 2020: AL-Emadi Company Adjusted Trail Balance As at 31th
QUESTION 3: Given the following adjusted trial balance of Al-Emadi Company as at 31 December 2020: AL-Emadi Company Adjusted Trail Balance As at 31th December 2020 ACCOUNT TITLE Cash Accounts Receivable Office Supplies Prepaid Rent DEBIT QAR 244,000 CREDIT 129,600 67,200 49,600 Equipment and Furniture 204,800 Accumulated Depreciation- QAR 64,000 Equipment and Furniture Accounts Payable 195,200 Unearned Interest Revenue 84,000 Capital 480,000 Withdrawals 144,000 Service Revenues 164,800 Interest Revenues 48,000 Office Supplies Expense 65,600 Utilities Expense 51,200 Rent Expense Total 80,000 QAR 1,036,000 QAR 1,036,000 REQUIRED: 1) Prepare the income statement for the year ended 31 December 2020. 2) Prepare the statement of change in equity for the year ended 31 December 2020. 3) Prepare the balance sheet as at 31 December 2020.
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