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Paper: Introduction to Accounting Total marks :30 Time: 2 hours Q#1 Marks 05+04+01 Cash $50,000. Account receivable. Prepaid studio rent. Unexpired insurance. Supplies. Equipment. .

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Paper: Introduction to Accounting Total marks :30 Time: 2 hours Q#1 Marks 05+04+01 Cash $50,000. Account receivable. Prepaid studio rent. Unexpired insurance. Supplies. Equipment. . Accumulated depreciation: equipment. Note payable, $1000. Account payable. Salaries payable. Income tax payable. Unearned studio revenue. Capital. Loan from bank. Furniture. Studio revenue earned. Salary expense $500. Supplies expense. Rent expense. Insurance expense. Advertisement expense.Depriciation expense equipment. Interest expense. Income tax expense. Dividend. Retained Earnings. Prepare a trial Balance from the Accounts Titles given above assuming and assigning Values by Yourself for Hassan's Studio for the year 2020(some Amounts are given) Prepare closing entries Prepare an after closing trial balance

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