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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.

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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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Assessment Task: 70 Marks Part A: Problem Solving Questions Total Marks: 66 Marks 1. Presented below is the Trial Balance for Woolworths on December 31, 2019. Woolworths Trial Balance December 31, 2019 SL Account Title Debit($) Credit($) 1 Cash 4000 2. Accounts Receivable 5600 3. Prepaid Rent 4200 4. Supplies 2400 5. Equipment 36000 6. Accumulated Depreciation-Equipment 2600 7 Accounts Payable 2400 8. Notes Payable 15000 9. Unearned Revenue 8920 10. Insurance Payable 4000 11. Owner's Capital 16080 12. Owner's Drawings 6400 13. Sales Revenue 46000 14. Rent Expense 1000 15. Salaries and Wages Expense 7720 16. Cost of Goods Sold 15000 17. Sales Discount 4000 18. Casualty from Vandalism 1200 19. Patents 4300 20. Investment in Real Estate 2180 21. Land 5000 22. Long Term Loan 4000 Total 99000 99000

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