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10:16 AM Mon 22 Jul 52% Final Project.pdf Q2) Following is the Trial...

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Accounting

10:16 AM Mon 22 Jul
52%
Final Project.pdf
Q2) Following is the Trial Balance of Yousaf Trading Company as on 31-12-2021. You are required to prepare Income Statement and Balance Sheet.
\table[[Name of Account,SR,Name of Account,SR],[Purchases,23,190,Sales,33,000],[Supplies expenses,200,Account payable,3,190],[Salaries expenses,500,Interest received,300],[Electricity charges,250,Bank loan,5,000],[Building,19,500,Capital,21,510],[Cash,1500,,],[Telephone charges,100,,],[Account receivable,1,000,,],[Wages,310,,],[Investments,2,000,,],[Prepaid Rent,7,300,,],[Advertisement expenses,650,,],[Opening inventory,6,500,,],[Total,63000,Total,63000]]
End period adjustments are as follow:
The merchandise inventory as on 31-12-2021 was valued at SR 2,000.
Interest unearned SR 50.
Unexpired rent SR 1200.
Interest on other investments earned but not received yet SR 700.
Outstanding salaries SR 400.
Depreciation 3% to be changed on Building.
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please show all the work