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Dear tutor, i will provide you two upvote. I need both questions answer. I have no questions left this month to ask separately. Please help
Dear tutor, i will provide you two upvote.
I need both questions answer. I have no questions left this month to ask separately.
Please help me to provide both questions answer.
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The adjusted trial balance for Mahin Company at December 31, 2021, contains the followingaccounts: Instructions: (a) Prepare an income statement for the year ended December 31, 2021. (b) Prepare an owner's equity statement for the year ended December 31, 2021. (c) Prepare a classified statement of financial position at December 31, 2021 assume thattk. 20,000 of the note payable will be paid in 2022 . (d) Prepare the closing entries at December 31, 2021. (e) Prepare a post-closing trial balance at December 31, 2021. Ilham Company opened for business on March 1, 2022. Its trial balance before adjustmenton March 31 is as follows. Ilham Company Trial Balance March 31, 2022 Other Data: II. Prepaid insurance is a 2-year policy starting March 1, 2022. III. A count shows supplies of tk. 1,560 have been used on March 31. IV. Salaries of tk. 1,000 are accrued and unpaid at March 31. V. One-third of unearned revenue has been earned at March 31. VI. Depreciation on building is tk. 300 per month and on equipment is tk.200per month. VII. The note payable is dated March1. It is a 6-month, 12% note. Instruction: i. Prepare the adjusting entries at March 31. ii. Post the adjusting entries to the T-accounts. iii. Prepare an adjusted trial balance at March 31, 2022
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