8 9 Requirement 1 [10 marks) 10 11 12 13 14 15 Cash 16 Accounts receivable...

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8 9 Requirement 1 [10 marks) 10 11 12 13 14 15 Cash 16 Accounts receivable Allowance for doubtful B C Darma Corporation Worksheet for Year Ended 31 December 20x5 (perpetual inventory system) Adjusting Entries Trial Balance Debit Credit 1,20,520 76,000 17 accounts 4,000 18 Interest receivable 0 Inventory (perpetual 19 system) 2,10,000 Sales supplies 20 inventory 1,800 Long-term note 21 receivable (14%) 24,000 22 Equipment 3,60,000 Accumulated depreciation, 1,28,000 23 equipment 24 Patent 16,800 25 Accounts payable 46,000 26 Interest payable 0 27 Property taxes 0 Rent collected in 0 28 advance Mortgage payable, 1,20,000 29 12% Common shares, no- 2,30,000 20 Lon Ann1-77 Debit G H SCI SEP Credit Debit Credit Debit Credit + Acti Go to 8 9 Requirement 1 [10 marks) 10 11 12 13 14 15 Cash 16 Accounts receivable Allowance for doubtful B C Darma Corporation Worksheet for Year Ended 31 December 20x5 (perpetual inventory system) Adjusting Entries Trial Balance Debit Credit 1,20,520 76,000 17 accounts 4,000 18 Interest receivable 0 Inventory (perpetual 19 system) 2,10,000 Sales supplies 20 inventory 1,800 Long-term note 21 receivable (14%) 24,000 22 Equipment 3,60,000 Accumulated depreciation, 1,28,000 23 equipment 24 Patent 16,800 25 Accounts payable 46,000 26 Interest payable 0 27 Property taxes 0 Rent collected in 0 28 advance Mortgage payable, 1,20,000 29 12% Common shares, no- 2,30,000 20 Lon Ann1-77 Debit G H SCI SEP Credit Debit Credit Debit Credit + Acti Go to