Question
If you give the following information to the company of joy: 1. On 9/1/2021, Al-Farah Company had stationery worth 2000 dinars, and on 12/31/2021 The
If you give the following information to the company of joy:
1. On 9/1/2021, Al-Farah Company had stationery worth 2000 dinars, and on 12/31/2021
The remaining stationery was worth 1300 dinars.
2. Insurance worth 2,400 dinars for one year, starting 9/1/2021. 3. Equipment was purchased on 1/1/2021 with a value of 12600 dinars, with a scrap value of 600 dinars and a useful life
6 years.
4. The company implemented services worth 1,000 dinars out of the value of the unearned revenues.
5. Services worth 600 dinars were provided, which have not yet been received or registered.
6. Workers wages accrued on 12/31/2021, amounting to 650 dinars, which were not recorded or paid. 7. On 10/1/2021, Al-Farah Company obtained a loan from the bank in the amount of 40,000 dinars for a period of 120
day at 12% interest.
Required:
Prepare inventory reconciliation entries on 12/31/2021.
i need to make the Adjusting Entries
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