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Urgent QUESTION 3 Abrar, a consultant, had the following Trial Balance as at 30 June 2019: Debit Credit Cash 7,000 Accounts receivable 3,000 Office supplies
Urgent QUESTION 3 Abrar, a consultant, had the following Trial Balance as at 30 June 2019: Debit Credit Cash 7,000 Accounts receivable 3,000 Office supplies 3,000 Office equipment 5,000 Bank loan 5,000 Accounts payable 1,000 Common stock 10,000 Consulting revenue 7,000 Rent expense 600 Salaries expense 2,500 Supplies used 1,200 Utilities expense 700 Total 23,000 23,000 You are required to prepare: (a) Income statement for the month ended 30 June 2019. (10 marks) (b) Balance sheet as at 30 June 2019. (15 marks) (Total: 25 marks)
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