ABC Company LLC has the following balances at the end of the year December 31 2020 OMR ACCOUNTS Cash Accounts Receivable Supplies Iland Bank Wases Eenses Prepaid Insurance Tricks Furniture Miscellaneous Expenses Fouinment Accumulated Depreciation on Equipment kontakan Accounts Payable Unearned Revenue Capital Retained Earnings Service Revenue Salary Evenses Rent Expenses utilities Expenses Total 10 000 25 0cd 9 000 20 000 5000 100 3 000 28900 10 000 sood 12000 Sood 100 30 000 5 000 50 000 700 40 000 so 1500 28 Adjustments 1 Depreciation on Equipment for the year RD 250 2 Supplies on hand at 31 December 2018, RO 2000 3 Insurance expenses for the year RO 200 4 Unearned Revenue at 31 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 6 v Reply 26

Question

ABC Company LLC has the following balances at the end of the year December 31 2020  OMR ACCOUNTS Cash Accounts Receivable Supplies Iland Bank Wases Eenses Prepaid Insurance Tricks Furniture Miscellaneous Expenses Fouinment Accumulated Depreciation on Equipment kontakan Accounts Payable Unearned Revenue Capital Retained Earnings Service Revenue Salary Evenses Rent Expenses utilities Expenses Total 10 000 25 0cd 9 000 20 000 5000 100 3 000 28900 10 000 sood 12000 Sood 100 30 000 5 000 50 000 700 40 000 so 1500 28 Adjustments  1  Depreciation on Equipment for the year RD 250 2  Supplies on hand at 31 December 2018, RO  2000 3  Insurance expenses for the year RO 200 4  Unearned Revenue at 31 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  6 v Reply 26

Accepted Answer

The Answer is in the image, click to view ...

Question

ABC Company LLC has the following balances at the end of the year December 31 2020. OMR ACCOUNTS Cash Accounts Receivable Supplies Iland Bank Wases

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

The Audit Committee Handbook

Students also viewed these Accounting questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question