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B Ramallah computer repair Service Company was established in January of 2018. For its second year of operations and at 31/12/2019 the adjusted balances were
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Ramallah computer repair Service Company was established in January of 2018. For its second year of operations and at 31/12/2019 the adjusted balances were as follows: Account Advertising Expense Cash Rent Service trucks Tax Expense Accounts receivable Insurance Expense Revenue from repairs Wages Payable Accounts Payable J. Ali Capital Arab Bank Accumulated depreciation - Equipment Utilities expense Accumulated depreciation-service trucks J. Ali drawing Parts and supplies on hand Miscellaneous Expenses Prepaid insurance Depreciation expense Parts and supplies expense Salaries Equipment $ 6,000 8,000 10,000 380,000 2,000 164,000 4,600 460,000 26,000 37,000 750,000 77,000 14,000 7,000 38,000 20,000 99,000 5,400 15,000 12,000 67,000 118,000, 340,000 The accounts are listed in random order Required: A prepare a coded chart of accounts for the company B prepare a trial balance in good form C prepare Statement of position and an Income statement for the companyStep by Step Solution
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