Suppose, Nestle incurred the following more transaction from July 1, 2018 to December 31, 2018. 1. Invested more $ 100,000 and other transactions for the month are:

2. Purchase Furniture for Cash 7,000.

3. Purchase Goods for Cash 2,000 and for Credit. 1,000 from Khalid Retail Store.

4. Acquired a building for $5,000 on cash.

5. Sold Goods (revenue) to Khan Brothers 12,000 and Cash Sales 5,000.

6. Owner withdrew of worth 2,000 for personal use.

7. Purchased land for $2,000 on credit.

8. Paid utility bills $ 250

9. Paid Salaries Expense $2,000

10. Bought furniture for $1,500 on credit.

Required: Considering the above given Income statement and transactions from July 1, 2018 to December 31, 2018 of Nestle company, and answer the following Question 1 to 3.

Question No. 1 Make the journal entries, ledger and trial balance the transaction July 1 to December 31, 2018.

Question No. 2 Prepare the closing entries of revenue and expense from July 1st to December 31.2018.

Question No. 3 Make the balance sheet for year January, 2018 to December 2018(include all changings).

In millions of CHF Notes 2018 91 439 Sales 3 Other revenue Cost of goods sold Distribution expenses Marketing and administration expenses Research and development costs Other trading income Other trading expenses Trading operating profit 311 (46 070) 18 469) (20 003) (1 687) 37 (1 769) 13 789 4 4 3 4 Other operating income Other operating expenses Operating profit 4 2535 125721 13 752 Financial income Financial expense Profit before taxes, associates and joint ventures 5 247 (1 008) 12 991 13 Taxes Income from associates and joint ventures Profit for the year (3 439) 916 10 468