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Question 1: Use the following Trial Balance to prepare: 1- Income statement 2- Retained earnings...

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Question 1: Use the following Trial Balance to prepare: 1- Income statement 2- Retained earnings statement 3- Statement of financial position AL Hayat Company Adjusted Trial Balance 31 December 2017 Cr Dr 210,000 cash Accounts receivable 58,000 15,000 12,000 25,000 60,000 Notes receivable Supplies Prepaid rent expense Building 20,000 35,000 34,500 15,500 Accumulated depreciation Building Accounts payable Notes payable Salaries Payable Interest payable Unearned revenue Share Capital Ordinary Retained earning Dividends Service revenue Salaries expense Rent expense Depreciation expense Interest expense 2,000 18,000 250,000 40,000 5,000 150,000 80,000 30,000 10,000 60,000 565,000 565,000

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