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Parta Three years ago, Saiqa Qureshi organized Qureshi Realtors. At July 31, 2020, the end of the current year, the unadjusted trial balance of Qureshi
Parta Three years ago, Saiqa Qureshi organized Qureshi Realtors. At July 31, 2020, the end of the current year, the unadjusted trial balance of Qureshi Realtors appears as shown below Credit Qureshi Realtors Unadjusted Trial Balance July 31, 2020 Description Debit Cash 3,425 Accounts Receivable 7,000 Supplies 1,270 Prepaid Insurance 620 Office Equipment 51,650 Accumulated Depreciation Office Equipment Accounts Payable Wages Payable Unearned Fees T. Roderick, Capital 5,200 T. Roderick, Drawing Fees Earned 22,415 Wages Expense 0 Depreciation Expense 4,200 Rent Expense 2.715 9.700 925 0 1,250 29,000 59,125 Best of Luck FATIMA JINNAH WOMEN UNIVERSITY BUSINESS ADMINISTRATION DEPARMENT Utilities Expense Supplies Expense Insurance Expense Miscellaneous Expense 0 0 1,505 100.000 100.000 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at July 31, 2020, Rs. 380. b. Insurance premiums expired during the year, Rs. 315. c. Depreciation of equipment during the year, Rs. 4,950. d. Wages accrued but not paid at July 31, 2020, Rs. 440. e. Accrued fees earned but not recorded at July 31, 2020, Rs. 1,000. f. Unearned fees on July 31, 2020, Rs. 750. Instructions: 1. Prepare the necessary adjusting journal entries. Include journal entry explanations. 2. Determine the balance of the accounts affected by the adjusting entries, and prepare an adjusted trial balance
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