(a) Prepare the Journal Entries for adjustments in the month of September 2022. (b) Prepare the...

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(a) Prepare the Journal Entries for adjustments in the month of September 2022. (b) Prepare the Income Statement for month ended 30 September 2022. (c) Prepare the Owner's Equity statement for month ended 30 September 2022. (d) Prenare the Balance Sheet as at 30 September 2022. QUESTION 2 ( 25 MARKS) The unadjusted trial balance (below) of Emblem Co as at 30 September 2022: Debit, $ Equipment 23,000 Accumulated depreciation of equipment Cash 4,000 Supplies 1,100 Prepaid insurance 2,200 Credit, $ 4,500 Accounts payables 2,400 Mortgage payables 4,000 Owner's capital 15,300 Drawings 2,400 Service revenue 6,900 Utilities expense 400 33,100 33.100 Additional information for the month of September 2022 which has not yet been recorded in the accounts is as follows: (a) A physical count of supplies indicates $300 on hand at September 30. (b) The amount of insurance that expired in the month of September was $200. (c) Depreciation on equipment for September was $400. (d) Rent owed for the month of September was $600 but will only be paid in October. (a) Prepare the Journal Entries for adjustments in the month of September 2022. (b) Prepare the Income Statement for month ended 30 September 2022. (c) Prepare the Owner's Equity statement for month ended 30 September 2022. (d) Prenare the Balance Sheet as at 30 September 2022. QUESTION 2 ( 25 MARKS) The unadjusted trial balance (below) of Emblem Co as at 30 September 2022: Debit, $ Equipment 23,000 Accumulated depreciation of equipment Cash 4,000 Supplies 1,100 Prepaid insurance 2,200 Credit, $ 4,500 Accounts payables 2,400 Mortgage payables 4,000 Owner's capital 15,300 Drawings 2,400 Service revenue 6,900 Utilities expense 400 33,100 33.100 Additional information for the month of September 2022 which has not yet been recorded in the accounts is as follows: (a) A physical count of supplies indicates $300 on hand at September 30. (b) The amount of insurance that expired in the month of September was $200. (c) Depreciation on equipment for September was $400. (d) Rent owed for the month of September was $600 but will only be paid in October.

Answer rating: 100% (QA)

Answer General Ledger Reconciliation Statement for Honey Pie as at 31 May 2024 Account Correct Balan... View the full answer