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The following adjusted Trial Balance is available for the period 31stDecember 2021. Prepare Income Statement and Statement of changes in owners equity and Balance Sheet

The following adjusted Trial Balance is available for the period 31stDecember 2021. Prepare Income Statement and Statement of changes in owners equity and Balance Sheet for the year ending 31st December from the following information

Accounts

Debit (OMR)

Credit (OMR)

Prepaid Rent

30,000

Capital

25,000

Accounts receivable

1400

Wages expense

250

Sales Revenue

5,250

Interest revenue

10,250

Furniture

3,100

Vehicle

4,100

Rent expense

300

Salary expense

375

Miscellaneous expense

125

Electricity bill expense

150

Retained earnings

2800

Advertising expense

1000

Telephone and internet bill expense

2500

Bills payable

2500

Short term loan

1850

Commission Payable

200

Bills receivable

5,300

Delivery Van

750

Long term Loan

1500

49,350

49,350

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