Following is the adjusted trial balance of ZA property dealers?

Question

Required the following:

1- Income stment

2- Stment of owners equity

3- Balance sheet in report form

Cash 15,490(Debit)

Account receivable 17,890 (Debit)

building 130,000 (Debit)

Accumulated depriciation(building) 150 (Credit)

Office Equipment 5,400 (Debit)

Accumulated depriciation(Office equipment) 45 (Credit)

Accounts payable 23,814 (Credit)

ZA capital 181000 (Credit)

ZA drawing 2800(Debit)

Sales comission earned 10640 (Debit)

Advertising and general expenses 774 (Debit)

Salaries expenses 7100 (Debit)

Depreciation expenses(building 150 (Debit)

Depreciatino expeses (Equipment) 45(Debit)

215649 (Total Debited) 215649(Total Credited)

Answer 1

#1 Your TB does not balance you are missing 36,000 debit

#2 Sales Commission s/b 10,640 Credit not debit

#3 Since TB is out of balance can not do any of the questions

But if Missing amount is a B/S account

1. NI = 2,571

2. OE = 180,771

3. Can not do as out of balance