Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

My question is: Post adjusting entries of the following ledger accounts 1. supplies 2. prepaid insurance 3. accumulated depreciation 4. unearned service revenue 5. service

image text in transcribed

My question is: Post adjusting entries of the following ledger accounts

1. supplies

2. prepaid insurance

3. accumulated depreciation

4. unearned service revenue

5. service revenue

Answer as table consistiing of four columns (Description - Debit - Description - Credit)

Ahsan Incorporated Trial Balance as at March 31, 2021 Debit Credit Accounts title Cash 13,500 Supplies 3,100 2,400 Prepaid insurance Equipment 27,000 Accumulated depreciation - Equipment 4,500 Unearned service revenue 4.Zpo Owner's capital 26,800 Service revenue 10,000 Totals 46,000 46,000 Analysis reveals the following additional information: 1. A physical count of supplies revealed AED 1,950 on hand on March 31. 2. Insurance expires at the rate of AED 200 per month 3. Equipment has been depreciated AED 450 per month L. The amount of unearned service revenue that remains unearned at March 31 is AED850. 5. Invoices of AED 1,700 of service performed during the month have not recorded as of March 31. REQUIRED: a) Journalize adjusting entries for the month of March

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Culture Audit In Financial Services Reporting On Behaviour To Conduct Regulators

Authors: Dr Roger Miles

1st Edition

1789667755, 978-1789667752

More Books

Students also viewed these Accounting questions

Question

Who are the players in the government sector?

Answered: 1 week ago

Question

Write short notes on Interviews.

Answered: 1 week ago