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prepare the balance sheet as dec. 31, 2008. Enronn Co. specialized in computer repairs, is owned by John Enronn. The accounting manager prepared the following

prepare the balance sheet as dec. 31, 2008. image text in transcribed
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 TL): Balances from Unadjusted Trial Balance, Enronn Co. (not in proper order) December 31, 2008 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 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Unearned Fee Revenue Withdrawals Revenues Salaries Expense The data needed to determine year-end adjustments are as follows: -1. Depreciation of equipment for the year, TL 4,000 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 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

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