Question
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 50000 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 50000 BD cash to start the company. 2. On 2/1/2021 Purchased 1000 BD of supplies on account. 3. On 3/1/2021 Paid 2900 BD for a 18 months insurance policy. 4. On 4/1/2021 Performed services for a customer and received 2250 BD cash. 5. On 5/1/2021 Completed a 6500 BD service on account to Alslam company. 6. On 7/1/2021 Paid employee salary 1000 BD. 7. On 8/1/2021 Received 1960 BD cash for performing services. 8. On 10/1/2021 Collected 3800 BD cash from a Alslam company. 9. On 11/1/2021 Paid the current months office rent, 1250 BD. 10. On 12/1/2021 Paid cash dividends of 1000 BD. 11. On 13/1/2021 purchased goods on cash worth of 2500 ( 200 items * 12BD) 12. On 13/1/2021 purchased goods on account from Sanad Company worth of 2000 ( 200 items * 10BD) 13. On 14/1/2021 sales goods on cash worth 3000 ( 200 items * 15) 14. On 15 / 1/20215 sales goods on account to Alba company worth 3400 ( 200 items * 17)
Requirements: 1. Record each transaction in the general journal. 2. Post the transactions that you recorded into the ledger for all accounts
3. Prepare an unadjusted trial balance as of 31 /12/ 2021.
4. Journalize and post the adjusting journal entries on 31/12/2021, based on the following information:
a. Accrued salaries expense, 570 BD b. At the end of the facial Abdulla Bader Service Co year and 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
5. Prepare an adjusted trial balance as of January 31, 2021
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