Q.1 Shown below are the items of Trial balance for ABC Company in alphabetic orders for the year ended December 31, 2019.

Shown below are the items of Trial balance for ABC Company in alphabetic orders for the year ended December 31, 2019. Rs. Accumulated Depreciation of Office Equipment 900 Capital 11795 Cash 8105 Depreciation Expense 900 Drawings 450 Notes Payable 3000 Office Equipment 7200 Office Supplies 195 Office Supplies Expense 210 Rent Expense 1800 Salaries Expense 2820 Storage Fee Earned 8850 Telephone Expense 135 Unearned Storage Fee 1350 Unexpired Insurance 4080 Other Data: (a) The yearly insurance expense amounted to Rs. 255. (b) A yearly note payable was signed on 1st March for Rs. 3600. Interest due on it up to 31st December is Rs. 300. (c) Certain clients choose to pay several months storage fee in advance. It was estimated that Rs. 480 for such fees are still unearned on December 31. (d) Salaries payable at the end of year are Rs. 240 (e) Several clients neglect to send storage fee amounting to Rs. 330, for the month of December. These amounts have not been received but considered as collectible.

Instructions: Prepare 10 columns Work Sheet. (20) Make necessary adjusting entries from the information given above. Also give narration with each adjusting entry. (10)