ques 4 - 2,500 Salaries Expenses 29,000 7,500 36,500 36,500...

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Details Trial Balance Adjustment Adjusted TB I/S B/S Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Cash 5,000 5,000 5,000 Accounts Receivable 15,000 15,000 15,000 Merchandise Inventory (1-1-2006) 150,000 150,000 130,000 Office Supplies 12,500 1,000 11,500 11,500 Vehicles at cost 1,000,000 1,000,000 1,000,000 Accumulated Depreciation-Vehicles 37,500 100,000 137,500 137,500 Accounts Payable 12,500 12,500 12,500 Mr. Shariq’s Capital 1,000,000 1,000,000 1,000,000 Mr. Shariq’s Drawings 8,000 2,000 10,000 10,000 Sales 952,000 952,000 952,000 Purchases 720,000 720,000 Freight Inward 2,500
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Unformatted text preview: 2,500 Salaries Expenses 29,000 7,500 36,500 36,500 Rent Expenses 30,000 30,000 30,000 Repair and maintenance expenses-vehicles 21,000 2,000 19,000 19,000 Utility expenses 9,000 9,000 9,000 C.G.S 742,500 742,500 742,500 G.P Supplies Exp 1,000 1,000 1,000 Salary Payable 7,500 7,500 7,500 Dep Exp 100,000 100,000 100,000 Closing Inv 742,500 742,500 Net Profit 14,000 14,000 853,000 853,000 2,852,000 2,852,000 952,000 952,000 1,171,500 1,171,500 . ....
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