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Exercise Accounting cycle completion and financial statements preparation The AHMADO company's' record showed the alphabetical order of the accounts as follows Accounts payable Accounts receivableSR12
Exercise Accounting cycle completion and financial statements preparation The AHMADO company's' record showed the alphabetical order of the accounts as follows Accounts payable Accounts receivableSR12 Accumulated depreciation computer SR5 Ahmed Capital SR30 Ahmed Withdrawa SR10 Cash SR 51 Computer Prepaid insurance Service revenue Supplies Unearned revenues SR15 Utilities expense Wages SR20 SR50 SR 7 SR70 SR 5 SR 15 SR 10 Required -Prepare the trial balance by listing the accounts in correct order with balances in appropriate debit or credit column - Adjust accounts, if you have the following facts o Expired Insurance SR 5 o Estimated depreciation on office computer SR 5. o Accrued wages SR 5 o Unused supplies on hands SR 3 o SR 5 Of the unearned revues balance had been earned by the end of the month. - Prepare income statement repare balance sheet - Use worksheet to
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