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Assignment 10 marks Adjusting Entries The following balance appeared in Tobacco Industries trial balance at 30/04/2019 Cr Details Cash a/c receivable Prepaid rent Supplies Equipment
Assignment 10 marks Adjusting Entries The following balance appeared in Tobacco Industries trial balance at 30/04/2019 Cr Details Cash a/c receivable Prepaid rent Supplies Equipment a/c payable Unearned service revenue Share capital ordinary Dr 27,000 12,000 9,000 5,400 44,000 I 3,000 8,000 86,400 A deep testing of each account in the trial balance revealed the following: 1. Supplies on hand by end of April were 2,000. 2. Equipment depreciated by 440 monthlies. 3. Prepaid rent amount was for 3 months 4. 3,000 of unearned revenues was provided during April. 5. Salaries of April accrued but not paid worth 6,200 6. A 2,000 cash worth service revenue performed during April but not recorded. Required: prepare all necessary adjusting entries and adjusted trial balance
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