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?Onthe workshestattached, you wil find the unadjusted fial balanoe of Adanac Landscaping Services for tos e rended October 3 1 , 2 0 1 8
?Onthe workshestattached, you wil find the unadjusted fial balanoe of Adanac Landscaping Services for tos
e rended October ?You have been asked to assist Adanar's bookkeeper with the complefon of the adjusting entries and the adjusted trial balance on the attached working papers:
In discussion with Ber Brar, the owner, while sipping some fresh coffee, he informs you that
?The general manager ofthe business is paid monthly, Her salary is $ ?per year. She is paiden the
?dy of each month, for employment services provided during the previous month.
reciation
The business ordered and paid for its new work fruck on January ?It was delivered to Adanac on February ?and was put to use that day. The truck's estimated useful life is ?years, with an estinated residual value of $ ?Depreciation is recorded to the nearest whole mnth
The temporary investment is a term deposit with an interest rate of ?per year.
The term depostwas
purchesed on May ?and interest for the first year of the investment will be received on Api
?Adanac entered into a bank loan on January ?to buy the truck. Adanac paid ?towants the purchase price, and borrowed the rest of the money for the purchase. The interest rate on the loans ?per year.
Interest is paid every six months, at the end of June and at the end of December each year.
The first loan repayment of $ ?will be on January
?During its ?business year, the business purchased $ ?of office supplies. Adanac counts its
supplies atthe end ofeach month, and adjusts the gerieral ledger for these courts. AtOctober
Sen Brar stated that the business had used on average $ ?of supplies per month for the year then ended.
?Adnacs clients typically pay for services provided to them at the time that the services are completed.
However, consulting services were provided to Adanac's newest client during October, and thebill of $ ?was provided to the client. However, the amount was not received prior to the end of October, nor
was the bill recorded in the accounts of the business.
?Adamac's office rent expense is based upon its revenue. Rent expense for the year ended October ?is to be ?of the consulting fees earned amount in the unadjusted trial balance, Each month, the business has made rental instalment payment of $ ?and the final amount will be paid in Novenber of
In order to be able to lease the office space, the business required a rental insurance policy. A ?month policy was purchased on February ?just before the lease was signed.
?Adanac has entered into a contract with a new client Adanac has agreed to to provide consulting
services from Navember throtigh December ?at a rate of ?per month. The contractwas signed
on October ?and a cash deposit of ?was received at the same time. This: $ ?is the only amount not eared by Adanac at October
?The electricity bill for October in the amount of $ ?arrived via mail on Nvember B: It has not yet been paid, nor has it been recorded in the accounts of the business.
REQUIRED ?PLEASE COMPLETE THE FOLLOWING FOR LADD AGENCIES: ?marks
?Prepare adjusting journal entries in proper general journal form for the above on the attached general journal page ?marks
?Enter the adjusting joural entries to the attached adjustments column on the attached trial balance page ?marks:
?Complete the adjusted trial balance columns on the attached trial balance page ?marks
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