Diamond Advertising was established on June 1, 2019 The companys trial balance as of June 30, 2019, shows the following account balances The following additional information was provided Advertising services not yet billed at the end of June were $10,000 Prepaid six months advertising packages of $...

Based on the details provided we can make the necessary adjustments to the trial balance of Diamond Advertising as of June 30 2019 1 Advertising servi ...

Diamond Advertising was established on June 1, 2019. The companys trial balance as of June 30, 2019,

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Diamond Advertising was established on June 1, 2019. The company’s trial balance as of June 30, 2019, shows the following account balances:

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The following additional information was provided:

■ Advertising services not yet billed at the end of June were $10,000.

■ Prepaid six months advertising packages of $1,800 each were paid on June 1 and services for the month of June were carried out.

■ Depreciation of office equipment was done at the rate of $400 per month.

■ A two-year insurance policy was effective June 1.

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Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

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Question Posted: Jan 31, 2024 04:00 AM

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Diamond Advertising was established on June 1, 2019. The companys trial balance as of June 30, 2019,

Question:

Advertising revenue Unearned revenue $18,000 $42,000 Office equipment $20,000 Prepaid insurance $4,800

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Based on the details provided we can make the necessary adjustments to the trial balance of Diamond Advertising as of June 30 2019 1 Advertising servi...View the full answer

Principles Of Islamic Accounting

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