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please kindly answer it professional Miss Nicole, the controller for Sojagifo Designs Limited, had just printed off the unadjusted trial balance for the year ended
please kindly answer it professional
Miss Nicole, the controller for Sojagifo Designs Limited, had just printed off the unadjusted trial balance for the year ended August 31, 2022 when Hurricane Fiona hit resulting in the company losing power. Nicole knows that the bank is looking for the company's financial statements as soon as possible so she has decided to do the adjusting process \& financial statements manually. Nicole has come to you for assistance in preparing the adjusting entries \& financial statements for the year ended August 31,2022 . She has provided you with the following information as well as the unadjusted trial balance at August 31, 2022. Information from Nicole: - The depreciation on the building for the year ended August 31 is $3,875. - A physical count on August 31, 2022 indicates the office supplies on hand are $4,800. - On August 1 the company paid $4,500 for the rent for August, September \& October. - Salaries for the week of August 28 - September 3 totalled $10,500 and were paid on September 6, 2022 - A telephone bill for $455 was received September 1 for the month of August 2022. This has not been recorded. - Income taxes in the amount of $18,000 have not yet been recorded. SOJAGIFO DESIGNS LIMITED UNADJUSTED TRIAL BALANCE AUGUST 31, 2022 Required: A. Prepare the necessary adjusting journal entries at August 31, 2022. B. Prepare an adjusted trial balance using the attached template. C. Prepare an income statement for the year ended August 31, 2022 for Sojagifo Designs Limited D. Prepare the statement of changes in equity for the year ended August 31, 2022. Sojagifo issued shares during the year receiving $10,000 from its shareholders. The entry to record this has already been made & is included in the unadjusted trial balance. E. Prepare the balance sheet as of August 31, 2022 for Sojagifo Designs LimitedStep by Step Solution
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