Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On 12-31-2020, the total balances were extracted from the book of the Al-Ala Commercial Company, which announced its commercial activities at the beginning of the
On 12-31-2020, the total balances were extracted from the book of the Al-Ala Commercial Company, which announced its commercial activities at the beginning of the flag in 2020. Buildings 90000 150000 Yes Debit Insurance Expense Receipt papers The rent paid in full The number 6000 4000 2000 30000 It turns out after the inventory the following: 1- The dead is depreciated by 1% annually A- Bad debts were estimated at 4% of the debit charges. The depleted insurance during the year is worth 2000 dinars - the court papers carry a leader at 10% annually and are issued on 200.1.20 5. The rent paid in advance represents the rent of 4 years From the date of 101-2020 Required: Write the necessary inventory adjustment entries on 12-31-2020 4: // On 12-31-2020, the total balances were extracted from the book of the Al-Ala Commercial Company, which announced its commercial activities at the beginning of the flag in 2020. Buildings 90000 150000 Yes Debit Insurance Expense Receipt papers The rent paid in full The number 6000 4000 2000 30000 It turns out after the inventory the following: 1- The dead is depreciated by 1% annually A- Bad debts were estimated at 4% of the debit charges. The depleted insurance during the year is worth 2000 dinars - the court papers carry a leader at 10% annually and are issued on 200.1.20 5. The rent paid in advance represents the rent of 4 years From the date of 101-2020 Required: Write the necessary inventory adjustment entries on 12-31-2020 4: //
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started