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o etisalat 12:57 58% my cud.ac.ae ll/ Data relating to the balances of various accounts affected by adjusting or closing entries appear below. The entries

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o etisalat 12:57 58% my cud.ac.ae ll/ Data relating to the balances of various accounts affected by adjusting or closing entries appear below. The entries which caused the changes in the balances are not given.) You are asked to provide the missing journal entries which would logically account for the changes in the account balances. (6 Marks) Interest receivable at 1/1/15 was AED1.000 During 2015 cash received from debtors for interest on outstanding notes receivable amounted to AED5,000. The 2010 income statement showed interest revenue in the amount of AED5.400. You are to provide the missing adjusting entry that must have been made, assuming reversing entries are not made. 2. Unearned rent at 1/1/15 was AED5.300 and at 12/31/15 was AED8,000. The records indicate cash receipts from rental sources during 2010 amounted to AED40,000, all of which was credited to the Unearned Rent Account. You are to prepare the missing adjusting entry 3. Accumulated depreciation equipment at 1/1/15 was AED230,000. At 12/31/15 the balance of the account was AED270,000. During 2015, one piece of equipment was sold. The equipment had an original cost of AED40,000 and was 34 depreciated when sold. You are to prepare the missing adjusting entry 4. Allowance for doubtful accounts on 1/1/15 was AED50,000. The balance in the allowance account on 12/31/15 after making the annual adjusting entry was AED65,000 and during 2015 bad debts written off amounted to AED30,000. You are to provide the missing adjusting entry. 5. Prepaid rent at 1/1/15 was AED9,000. During 2015 rent payments of AED120,000 were made and charged to The 2015income rent expense. statement shows as a general expense the item "rent expense" in the amount of AED125,000. You are to prepare the missing adjusting entry that must have been made, assuming reversing entries are not made. 6. Retained earnings at 1/1/15 was AED150,000 and at 12/31/15 it was AED210,000. During 2015, cash dividends of AED50,000 were paid and a stock

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