ABC Company LLC has the following balances at the end of the year December 31 2020

Adjustments: -

1. Depreciation on Equipment for the year RO. 250

2. Supplies on hand at 31st December 2018, RO. 2000

3. Insurance expenses for the year RO. 200

4. Unearned Revenue at 31st December, RO. 2000

5. Rent Accrued for the year RO. 500

6. Service Revenue earned but not recorded at 31st 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 .

ACCOUNTS	OMR
Cash	10,000
Accounts Receivable	25,000
Supplies	9,000
Land	20,000
Bank	5000
Wages Expenses	10,000
Prepaid Insurance	3,000
Trucks	28,900
Furniture	10,000
Miscellaneous Expenses	5,000
Equipment	12,000
Accumulated Depreciation on Equipment	5,000
Loan taken	10,000
Accounts Payable	30,000
Unearned Revenue	5,000
Capital	50,000
Retained Earnings	7,000
Service Revenue	40,000
Salary Expenses	5,000
Rent Expenses	1,500
Utilities Expenses	2,600
Total