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You were given the ledger balances of Haya minerals LLC Oman for the year ended December 31, 2019: Case 3 You were given the ledger
You were given the ledger balances of Haya minerals LLC Oman for the year ended December 31, 2019:
Case 3 You were given the ledger balances of Haya minerals LLC Oman for the year ended December 31, 2019: Accounts Cash in hand Cash at Bank Carriage outward Salary Salary payable Amount (OMR) 125 500 145,500 20.000 40.000 18.000 Sales Plant Machinery Rent Rent outstanding Goodwill Bank overdraft Unearned Revenue Commission paid Creditors Interest Paid Interest Received Travelling allowances Bills Payable Retained eamings Office Supplies Capital Drawings Prepaid insurance Interest payable Insurance expense 195.000 240.000 70.200 60 000 30.000 50,500 137.500 110,000 25.000 47.000 17.000 40.000 24,000 1.35.000 40.500 47.200 1,93,700 58,000 34.000 34,200 24,000 (5 Required: Prepare the following: a. Income Statement Marks) b. Statement of Changes on Owner's Equity (2 Marks) A. Income Statement for the year ended 31" December, 2019 AEEEEEEE B. Statement of Owner's Equity EEEE Question No. 4 Based on the information in Case No. 5, prepare Statement of Financial Position or Balance Sheet. (8 Marks) Balance Sheet as at 31" December, 2019
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