4)... 2020

tus: QUESTION 7 Mahmood's company report the following unadjusted trial balance Mahmood Company Unadjusted Trial Balance December 31, 2020 Debit Credit Cash 17,500 Accounts receivable 16,000 Office supplies 9,000 Prepaid rent Office equipment 28,000 Accumulated depreciation- Office equipment 6,500 3,500 23,500 10,940 Unearned service fees Mahmood Capital Mahmood, Withdrawals Fees earned Salaries expense 1,500 71,960 31.400 The following information is provided MMC --- 1) A physical count of supplies shows that supplies available are $ anan AAIDELA 1) A physical count of supplies shows that supplies available are $2,500 2) At December 31, 2020, salanes incurred but not paid were $11,000 3) A careful analysis shows that 1/4 of uneamed service fees were earned by Dec 31, 2020 4) A client agreed to pay $3,900 for 60 day consulting services. The first day of service started on December 23,2 Prepare the necessary adjustments for Mahmood's company. Please follow the example: EXAMPLE: Question: Office equipment has a useful life of 4 years and no salvage value. It was purchased on October, 2019. Deprecia but still not recorded in 2020. Answer: Dr. Depreciation expense 7,000 Cr. Accumulated Depreciation ....... 7,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I S Paragraph Arial 10pt E AV