Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all(a,b,c,d,e) step by step and uploud clearly photos QUESTION 1 Enronn Co. specialized in computer repairs, is owned by John Enronn. The accounting

please answer all(a,b,c,d,e) step by step and uploud clearly photos image text in transcribed
QUESTION 1 Enronn Co. specialized in computer repairs, is owned by John Enronn. The accounting manager prepared the following trial balance (not in proper order) at December 31, 2008 (in Balances from Unadjusted Trial Balance, Enronn Co. not in proper order) December 31, 2008 Cash Accounts Receivable Prepaid Insurance Supplies Land Equipment Accumulated Depreciation, Equipment Accounts Payable Unearned Fee Revenue Capital Withdrawals Revenues Salaries Expense 5,200 16,200 4,000 2,450 134,750 135,900 65,300 7,500 6,000 127,100 5,000 188,400 90,800 The data needed to determine year-end adjustments are as follows: 1. 2. Accrued salaries at December 31, TL 3,170 3. Unexpired insurance at December 31, TL 1,900 4. Fees earned but not received at December 31, TL 6,350 5. Supplies on hand at December 31, TL 675 6. Unearned Fee Revenue still unearned at December 31, TL 3,500 7. Interest accrued but not paid at December 31 was TL 1,000 Depreciation of equipment for the year, TL 4,000 Reauired: a) Journalize the adjusting entries from 1 to 7. b) Post the adjusting entries to T-accounts. c Prepare the adjusted trial balance. d) Prepare the Income Statement for the year ended Dec, 31, 2008. e) Prepare the Balance Sheet as of Dec. 31, 2008

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Compare levels of resolution in conflict outcomes?

Answered: 1 week ago

Question

Strategies for Managing Conflict Conflict Outcomes?

Answered: 1 week ago