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Al Maha Trading Company has the following unadjusted trial balance at 31 December 2018 Al Maha Trading Company Unadjusted Trial Balance 31 December 2018 Accounts
Al Maha Trading Company has the following unadjusted trial balance at 31 December 2018 Al Maha Trading Company Unadjusted Trial Balance 31 December 2018 Accounts Credits (OMR) Insurance Expenses Service Revenues Account Receivable Prepaid Rent Repair Expenses Prepaid Insurance Supplies Account Payable Cash Machinery Debits (OMR) 2,200 130,000 36,500 3,900 18.200 5,000 1.900 4,650 79,000 175.750 65.500 Accumulated Depreciation -Machinery Miscellaneous Expenses DIvidends Capital Land Drawing Salaries Expenses Utilities Expenses Unearned Revenues Retained Earnings 8,900 8,000 123,550 40,000 9,000 30,650 6,500 21,800 80.000 425,500 425,500 Total Additional information about the business. Unearned revenues at 31st December 2018, is OMR 3,500, Service revenues earned but not yet recorded at 31 December 2018, OMR 5,600 Supplies expenses for the year, OMR 850. Depreciation Expense for Machinery for the year 7,000. Salaries accrued but not yet paid on 31" December 2018, OMR 6,250. Rent expense for the year, OMR 450. A. Prepare the necessary Adjusting Entries on 31st December 2018 B. Prepare the Adjusted Trial Balance. C. Prepare Income Statement, Statement of Owners' Equity and Balance Sheet
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