3_Written Assessment_Group - Saved to my Mac Layout References Mailings Review View Tell me A A Aa EEVE 23 AS Abbccdfe ..* A 2- A ETE E B Aalbeddee AaBbCcDc ABCcDdEd AaB Heading 1 Heading 2 Na Na Sang Listed below are a number of Adjusting entries that need to be taken into account before preparing the Financial Statements for Al Mansour Company 1. A sale on credit to a customer but not recorded anywhere in the books 2. Supplies at hand and used at the end of year 3. Atleast 2 Prepaid expenses expired Depreciation expense on equipment using straight line method 5. Atleast 2 Accrued expense 6. Portion of Unearned service revenue expired (earned) 7. Interest payable or receivable Required: Using proper templates for all the schedules, prepare; a) Journal entries to recording the adjusting entries. b) Post-Adjusted Trial Balance after the above adjustments. c) The following financial statements for Al Mansour Company i. Income statement for the year ending December 31 2018. ii. Statement of changes in equity as at December 31 2018. ili. Balance sheet as at December 31 2018. * English (United States) The numbers are mine, but I couldn't manage to succeed, you can change the numbers Date: Transactions: Dec 1 The owner invested AED 183,000 in the business. Dec 3 Purchased land for AED 21,500 cash. Dec 4 Purchased building for AED 101,500 cash. Dec 5 Purchased furniture for AED 16,500 cash. Dec 5 Purchased office supplies for AED 7,500 cash. Dec 6 Purchased office equipment for AED 11,500 on credit. Dec 10 The company completed AED 6,000 of consultancy to a customer. The customer will pay within 30 days. Dec 11 Paid electricity expenses AED 2,200 Dec 12 The owner withdrew AED 2,500 for personal use. Dec13 The company provided services to the customer and collected 6,100 cash. Dec 15 Paid advertising expenses AED 4,000 Dec 16 Received AED 4,000 in advance for communication consultancy fees. Dec 18 Paid AED 2,300 cash for a one year Insurance policy. Dec 20 Received full amount from the customer for the transaction occurred on May 10. Dec 21 Received AED 4,500 cash for marketing consultancy services. Dec 27 Paid salaries AED 31,500 Dec 29 Billed customer AED 12,500 for management consultancy services. 3_Written Assessment_Group - Saved to my Mac Layout References Mailings Review View Tell me A A Aa EEVE 23 AS Abbccdfe ..* A 2- A ETE E B Aalbeddee AaBbCcDc ABCcDdEd AaB Heading 1 Heading 2 Na Na Sang Listed below are a number of Adjusting entries that need to be taken into account before preparing the Financial Statements for Al Mansour Company 1. A sale on credit to a customer but not recorded anywhere in the books 2. Supplies at hand and used at the end of year 3. Atleast 2 Prepaid expenses expired Depreciation expense on equipment using straight line method 5. Atleast 2 Accrued expense 6. Portion of Unearned service revenue expired (earned) 7. Interest payable or receivable Required: Using proper templates for all the schedules, prepare; a) Journal entries to recording the adjusting entries. b) Post-Adjusted Trial Balance after the above adjustments. c) The following financial statements for Al Mansour Company i. Income statement for the year ending December 31 2018. ii. Statement of changes in equity as at December 31 2018. ili. Balance sheet as at December 31 2018. * English (United States) The numbers are mine, but I couldn't manage to succeed, you can change the numbers Date: Transactions: Dec 1 The owner invested AED 183,000 in the business. Dec 3 Purchased land for AED 21,500 cash. Dec 4 Purchased building for AED 101,500 cash. Dec 5 Purchased furniture for AED 16,500 cash. Dec 5 Purchased office supplies for AED 7,500 cash. Dec 6 Purchased office equipment for AED 11,500 on credit. Dec 10 The company completed AED 6,000 of consultancy to a customer. The customer will pay within 30 days. Dec 11 Paid electricity expenses AED 2,200 Dec 12 The owner withdrew AED 2,500 for personal use. Dec13 The company provided services to the customer and collected 6,100 cash. Dec 15 Paid advertising expenses AED 4,000 Dec 16 Received AED 4,000 in advance for communication consultancy fees. Dec 18 Paid AED 2,300 cash for a one year Insurance policy. Dec 20 Received full amount from the customer for the transaction occurred on May 10. Dec 21 Received AED 4,500 cash for marketing consultancy services. Dec 27 Paid salaries AED 31,500 Dec 29 Billed customer AED 12,500 for management consultancy services
