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Prepare Adjusted Journal. 4. Record the following transactions of M/S Allied Enterprise for the accounting period of June 2010 in the appropriate book of journal:
Prepare Adjusted Journal.
4. Record the following transactions of M/S Allied Enterprise for the accounting period of June 2010 in the appropriate book of journal: a) Purchased one-year Insurance policy for BDT 7,000.00 on January 1, 2010. b) Paid salaries to employee for worked done BDT 15,000.00 in every 7th day of each month. c) Accrued wages at the end of the month totaled BDT 17,550.00. d) Shop supplies purchased on February 01 for BDT 60,000.00 and expected to utilize equally for the next six months. e) Purchased machineries for BDT 18,000.00 on January 1, 2010 and estimated its life 10 years. f) Depreciation for building is estimated for the month BDT 2,000.00 g) Received BDT 24,000.00 in advance from a client on March 1, 2010 for the purpose of providing services and agreed to serve for 6 months. h) Services performed in June but not yet billed for BDT 3,750.00. 1) Income taxes are estimated to be paid BDT 2,500.00 for the month. ) Interest is calculated to be paid for the month BDT 2,500.00Step by Step Solution
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