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A) want necessary closing entries B) want balance of jassim capital in the post-trial balance Jassim Service Company's adjusted trial balance at the end of

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A) want necessary closing entries
B) want balance of jassim capital in the post-trial balance
image text in transcribed
Jassim Service Company's adjusted trial balance at the end of 31 December, its accounting period is shown below Jassim Service Company Adjusted Trial Balance December 31 Credit Debit 17,500 Cash 16,000 Accounts receivable 9,000 Office supplies 28,000 Office equipment Accumulated depreciation 3,500 Office equipment 23,500 Long-term notes payable 57,120 Jassim, Capital 1,500 Jassim, Withdrawals 40,940 Fees earned 31,400 Salaries expense 17.210 Rent expense 1,750 Depreciation expense-Office equipment 2,700 Office supplies expense $125,060 $125,060 Totals Required: Given the above information, prepare the following The necessary closing entries (a) Journal entry example Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 What is the balance of Jassim, Capital in the post-closing trial balance? [you MUST show your calculation) (b) Credit Debit 17,500 16,000 9,000 28,000 3,500 23,500 57,120 1,500 Cash Accounts receivable Office supplies Office equipment Accumulated depreciation- Office equipment Long-term notes payable Jassim, Capital Jassim, Withdrawals Fees earned Salaries expense Rent expense Depreciation expense-Office equipment Office supplies expense Totals 40,940 31,400 17,210 1,750 2,700 $125,060 $125,060 Required: Given the above information, prepare the following The necessary closing entries (a) Journal entry example Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 What is the balance of Jassim, Capital in the post-closing trial balance? [you MUST show your calculation] (b)

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