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Prepare an Unadjusted Trial Balance/ Make Adjusting Entries Adjusting Journal Entries/ Prepare Adjusted Trial Balance Umer & Brothers Corporate Trial Balance/ Adjusting Entries Prepare
Prepare an Unadjusted Trial Balance/ Make Adjusting Entries Adjusting Journal Entries/ Prepare Adjusted Trial Balance Umer & Brothers Corporate Trial Balance/ Adjusting Entries Prepare correct adjusting journal entries for the following Umer and Brothers Corporate transactions. Identify necessary adjustments and create adjusted journal entries for the company. At year end, unrecorded interest expense due to creditors was Rs. 4,000 (payable in the next year). Prepare the adjusting entry at year end (12/31): Prepaid Insurance account began the year with a balance of Rs. 230. During the year, insurance in the amount of Rs. 570 was purchased. At the end of the year March 31st, 2009, the amount of insurance still unexpired was Rs. 350. Prepare the year end adjusting entry: Wages are paid every Saturday for a five-day work week (Mon-Fri; two days are unpaid and free). Wages are Rs. 2,000 per week. Prepare the adjusting entry on June 30, assuming July 1 falls on a Wednesday: Prepare correct trial balance for the following Umer and Brothers Corporate transactions. Identify necessary adjustments and create an adjusted trial balance for the company. Ref S.No Heads of Accounts Debit Credit 1 Uw One Ey 1552 2 Um Dig 560 3 Equipment 2850 . Sales 2.850 $ De Co 530 " P 1.200 7 Purchase Reha 364 8 Bank Loan 996 Crediton 528 10 Taxes 720 11 Cash in Haad 226 12 Note Payable 680 13 264 14 15 Remed 08 Total RTA Rs 6289
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