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Abdulla Bader Service Co. completed the following transactions during its first month of operations for January 2020: 1. On 1/1/2021 Abdulla Bader invested 20000 BD
Abdulla Bader Service Co. completed the following transactions during its first month of operations for January 2020: 1. On 1/1/2021 Abdulla Bader invested 20000 BD cash to start the company. Requirements: 2. On 2/1/2021 Purchased 750 BD of supplies on account. 3. On 3/1/2021 Paid 2,800 BD for a 18 months insurance policy. 1. Record each transaction in the general journal. 4. On 4/1/2021 Performed services for a customer and received 1250 BD cash. 2. Post the transactions that you recorded into the ledger for all accounts 5. On 5/1/2021 Completed a 6,300 BD service on account to Alsalam company. 3. Prepare an unadjusted trial balance as of 31 /12/ 2021. 6. On 7/1/2021 Paid employee salary, 920 BD. 7. On 8/1/2021 Received 1,760 BD cash for performing services. 4. Journalize and post the adjusting journal entries on 31/12/2021, based on the following information: 8. On 9/1/2021 Collected 1,550 BD in advance for service to be performed later. a. Accrued salaries expense, 570 BD 9. On 10/1/2021 Collected 3,800 BD cash from a Alsalam company. 10. On 11/1/2021 Paid the current month's office rent, 1,250 BD. 11. On 12/1/2021 Paid cash dividends of 1,200 BD. b. At the end of the facial Abdulla Bader Service Co year upon auditing the accounts, it was turned out in the accounting books of that there were accrued revenue of 2000BD and were not recorded in its books. Record the adjustment record for this transaction 12. On 13/1/2021 purchased goods on cash worth of 2500 ( 200 items * 12BD) 13. On 13/1/2021 purchased goods on account from Sanad Company worth of 2000 ( 200 items * 10BD) 5. Prepare an adjusted trial balance as of January 31, 2021. 14. On 14/1/2021 sales goods on cash worth 3000 ( 200 items * 15) 15. On 15 / 1/20215 sales goods on account to Alba company worth 3400 ( 200 items * 17)
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