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Samsung Electronics Unadjusted Trial Balance as at 30 June 2023 Debit ($) Credit ($) Cash 25,000 Accounts Receivable 35,000 Inventory 45,000 Equipment 150,000 Accumulated Depreciation

Samsung Electronics

Unadjusted Trial Balance as at 30 June 2023


Debit ($)

Credit ($)

Cash

25,000


Accounts Receivable

35,000


Inventory

45,000


Equipment

150,000


Accumulated Depreciation - Equipment


50,000

Accounts Payable


20,000

Notes Payable


40,000

Common Stock


100,000

Retained Earnings


50,000

Sales Revenue


150,000

Cost of Goods Sold

90,000


Rent Expense

10,000


Salaries Expense

15,000


Total

420,000

420,000

Required:

  1. Prepare the Ledger Accounts for the above unadjusted trial balance.
  2. Calculate the Adjusted Trial Balance.
  3. Prepare the Income Statement for the period ended 30 June 2023.

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