Requirements: i) Prepare a complete work sheet. ii) Journalize the closing entry on the basis of work sheet.

260 6. Mr. Sarif began its operations on January 1, 2015. The trial balance for Sarif at 31" March is as follows: 16000 Mr. Sarif Trial Balance For the Quarter ended 31" March, 2015 Account Titles Debit TK Credit TK Cash 13600 Accounts Receivable 15400 Supplies 1500 Office Equipment 34000 Accumulated Depreciation 8000 Notes payable Accounts Payable 9000 Interest Payable 500 Sarif's Capital 25000 Sarif's Drawings 10000 Service Revenue 65900 Salaries expense 4000 Purchase 26000 Transportation expense 2500 Unearned Revenue 3000 Advertising Expense 2800 Showroom Expense 800 Prepaid Insurance 4800 Miscellaneous expense 12000 1,27,400 1,27,400 Adjustments: a) Insurance expires at the rate of TK 500 per month b) Depreciation is TK. 1000 per month c) A plysical count reveals that supplies on hand 500 taka. d) Interest accrued on 6-month note payable, at the rate of 10% e) Unearned revenue earned during the year is taka 1900. f) Service Provided but unbilled at Dec 31 total TK 750 g) Salaries expense is for one year period starting from Jan. 1 2010. h) Create a provision for tax 25%. Requirements: i) Prepare a complete work sheet. ii) Journalize the closing entry on the basis of work shect