ABC & Company

Trial Balance
As on June 30, 2017
Particulars Debit Credit
Sales 3,200,000
Purchases 1,300,000
Sales Return 50,000
Opening Stock 140,000
Purchase Return 50,000
Freight in 25,000
Capital 3,000,000
Account Payable 225,000
Bank Loan 1,500,000
Land 2,900,000
Building 1,700,000
Machinery 800,000
Vehicle 1,200,000
Accumulated Depreciation Building 1,000,000
Accumulated Depreciation Machinery 300,000
Accumulated Depreciation Vehicle 400,000
Cash 450,000
Account Receivable 25,000
Bank 475,000
Prepaid Rent 75,000
Salary Expense 200,000
Telephone Expense 45,000
Electricity Expense 65,000
Entertainment expense 18,000
Rent Expense 195,000
Office Supplies 22,000
Conveyance Expense 15,000
Un Earned Commission Income 25,000
Total 9,700,000 9,700,000

Additional Information:

1. Closing Stock Rs. 50,000.

2. Salary Expense Rs. 125,000
3. Prepaid Telephone Expense Rs.10,000
4. Office supplies Expired Rs. 10,000
5. Commission Income Rs. 5,000
6. Accrued Expense for Mobile Expense Rs. 30,000
7. M.up Income Receivable Rs. 40,000

REQUIRED:

a. Make 10 column worksheet.

b. Make Income Statement & Balance Sheet