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... ABC Company LLC has the following balances at the end of the year December 31 2020. OMR = ACCOUNTS Cash Accounts Receivable Supplies Land
... ABC Company LLC has the following balances at the end of the year December 31 2020. OMR = ACCOUNTS Cash Accounts Receivable Supplies Land Bank Wages Expenses Prepaid Insurance Trucks Furniture Miscellaneous Expenses Equipment Accumulated Depreciation on Equipment Loan taken Accounts Payable Unearned Revenue Capital Retained Earnings Service Revenue Salary Expenses Rent Expenses Utilities Expenses Total 10,000 25,000 9,000 20,000 5000 10,000 0,000 3,000 28,900 ind 5,000 12,000 5,000 10,000 30,000 5,000 50,000 7,000 40,000 5,000 1,500 2,600 Adjustments: 1. Depreciation on Equipment for the year RO. 250 2. Supplies on hand at 31 December 2018, RO. 2000 3. Insurance expenses for the year RO. 200 Unearned Revenue at 31 December, RO. 2000 5. Rent Accrued for the year RO. 500 4 6. Service Revenue earned but not recorded at 31 December 2018, RO. 2500. A. Prepare the necessary Adjusting entries on 31st December 2020 B. Prepare the Adjusted Trial Balance. C. Prepare Income Statement, Statement of Owners' Equity and FINANCIAL POSITION
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