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10. Make the journal entry for the following transaction 20 March Purchased goods from Siemens Inc. on credit account S105,000 Account title and explanation Date

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10. Make the journal entry for the following transaction 20 March Purchased goods from Siemens Inc. on credit account S105,000 Account title and explanation Date Dr. Cr. Dar Al Uloom University - Riyadh KSA 2030 40 Part 11 Marks: 25 marks Answer all of the following Questions. Smarks 1. Prepare adjusting entries for the following transactions: Prepaid commission account has a S16,000 debat balance to start the year. A review of the accounts payments shows $4,500 of unexpired commission remains at year-end On March 1, a customer paid $10,000 cash for 5 months computer maintenance charges in advance and it was credited to the uncarned service revenue account. As on May 31, the company has earned 3 months of the advance charges received = Cr. Account title and explanation Dr. Date of the transaction . 10. Make the journal entry for the following transaction 20 March Purchased goods from Siemens Inc. on credit account S105,000 Account title and explanation Date Dr. Cr. Dar Al Uloom University - Riyadh KSA 2030 40 Part 11 Marks: 25 marks Answer all of the following Questions. Smarks 1. Prepare adjusting entries for the following transactions: Prepaid commission account has a S16,000 debat balance to start the year. A review of the accounts payments shows $4,500 of unexpired commission remains at year-end On March 1, a customer paid $10,000 cash for 5 months computer maintenance charges in advance and it was credited to the uncarned service revenue account. As on May 31, the company has earned 3 months of the advance charges received = Cr. Account title and explanation Dr. Date of the transaction

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