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General Ledger records and end-of-period adjustments of SLM Co. on 31.12.2019 are given in Section 1 and Section 2. Acoording to the information given, prepare:
General Ledger records and end-of-period adjustments of SLM Co. on 31.12.2019 are given in Section 1 and Section 2. Acoording to the information given, prepare: 1. Trial Balance (15 P) 2. End-of-period adjustments (30 P) 3. Income statement (20 P) 4. Close income and expense accounts (20 P) 5. Adjusted Trial Balance (10 P) 6. Ending Balance Sheet (5 P) Section 2: End-of-period Adjustments monthly on 31.12.2019 1. The value of commercial goods is 150.000TL in stocks at the end of period. 2. Useful life of buildings is 50 years, Useful life of furniture and fixture is 10 years. 3. At the end of month, An office furniture was lost. Cost of furniture is 4.000TL. Cost of asset will be paid within 2 months by the personnel who were misappropriated. General Ledger records and end-of-period adjustments of SLM Co. on 31.12.2019 are given in Section 1 and Section 2. Acoording to the information given, prepare: 1. Trial Balance (15 P) 2. End-of-period adjustments (30 P) 3. Income statement (20 P) 4. Close income and expense accounts (20 P) 5. Adjusted Trial Balance (10 P) 6. Ending Balance Sheet (5 P) Section 2: End-of-period Adjustments monthly on 31.12.2019 1. The value of commercial goods is 150.000TL in stocks at the end of period. 2. Useful life of buildings is 50 years, Useful life of furniture and fixture is 10 years. 3. At the end of month, An office furniture was lost. Cost of furniture is 4.000TL. Cost of asset will be paid within 2 months by the personnel who were misappropriated
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