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Question: Ms. Rehma started her interior decoration business on 1st January, 2021. The following is the adjusted trial balance of his business for the
Question: Ms. Rehma started her interior decoration business on 1st January, 2021. The following is the adjusted trial balance of his business for the year 2021. Required: Adjusted trial balance Account Titles Debit Credit Cash 32,000 Account receivable 17,300 Prepaid insurance 6,400 Land 10,000 Accounts payable 10,900 Salaries payable 6,000 Capital 31,000 Retained earnings 4,200 Dividend 8,000 Service revenue 74,000 Insurance expense 5,600 Salaries expense 24,000 Miscellaneous expense 22,800 TOTAL 126,100 126,100 1. Income statement 2. Statement of changes in equity 3. Balance sheet
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