Question
1.Woolworths sold goods to a clients in December 2019. The clients will be billed $800. 2.prepaid rent is a 6 months policy starting December 1,2019.
1.Woolworths sold goods to a clients in December 2019. The clients will be billed $800. 2.prepaid rent is a 6 months policy starting December 1,2019. 3. $1100 of supplies has been used during the month. 4. depreciation on equipment is $500 per month. 5.December 31 is a Thursday, and employees are paid on sundays. Woolworths has three employees, who are paid $1800 each for a six day work week. Thursday is off. 6. Woolworths borrowed $15000 by signing a 20%, one year note on December 1, 2019. 7. $1000 of the balance is the unearned revenue account remain unearned at the end of the month. Instructions: - a) how will i prepare in journal form, the adjustment entries for the seven transactions. b) how will i post the adjustment entries to the T-account. c) how will i prepare an adjusted trial balance on December 31, 2019. (d) how will i prepare a multiple- step income statement for the month ending e)how will i prepare the classified balance sheet on 31 December, 2019. please need help
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