Afridi Goods Transport Agency

Work Sheet
For the Month Ended June 30, 2017
Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Description
Dr Cr Dr Cr Dr Cr Dr Cr Dr
Cash 1,850,000 1,850,000 1,850,000
Accounts Receivables 790,000 790,000 790,000
Prepaid Rent 650,000 50,000 600,000 600,000
Unexpired Insurance 350,000 30,000 320,000 320,000
Delivery Trucks 18,000,000 18,000,000 18,000,000
Accumulated Depreciaton delivery
Trucks 2,600,000 200,000 2,800,000
Furniture & Fixture 950,000 950,000 - 950,000

Accumulated Depreciaton Furniture 150,000 10,500 160,500

Accounts Payable 670,000 - 670,000
Bank Loan 4,500,000 - 4,500,000
Akbar Khan's Capital 12,490,000 - 12,490,000
Freight Revenue 5,600,000 - 5,600,000 5,600,000
Fuel Expenses 1,860,000 1,860,000 1,860,000
Salaries Expense 750,000 250,000 1,000,000 1,000,000
Maintenance Expense 530,000 530,000 530,000
Misc. Office Expense 280,000 280,000 280,000
26,010,000 26,010,000
Depreciation expense Truck 200,000 200,000 200,000
Depreciation expense Furniture 10,500 10,500 10,500
Insurance expense 30,000 30,000 30,000
Salaries payable 250,000 250,000
Interest Expense 45,000 45,000 45,000
Accrued Interest Payable 45,000 45,000
Rent Expense 50,000 50,000 50,000
Net Profit 1,594,500
Total 585,500 585,500 26,515,500 26,515,500 5,600,000 5,600,000 22,510,000
ance Sheet
Cr

2,800,000

160,500
670,000
4,500,000
12,490,000

250,000

45,000

1,594,500
22,510,000