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QUESTION 13 Mahmood's company report the following unadjusted trial balance: Mahmood Company Unadjusted Trial Balance December 31, 2020 Debit Credit Cash 17,500 Accounts receivable 16,000

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QUESTION 13 Mahmood's company report the following unadjusted trial balance: Mahmood Company Unadjusted Trial Balance December 31, 2020 Debit Credit Cash 17,500 Accounts receivable 16,000 Office supplies 9,000 Prepaid rent 6,500 Office equipment 28,800 Accumulated depreciation-Office 3,500 equipment Unearned service fees 24,500 Mahmood, Capital 10,740 Mahmood, Withdrawals 1,500 71,960 Fees earned Salaries expense 31,400 The following information is provided 1) A physical count of supplies shows that supplies used were $2.500 2) The prepaid rent account represents a prepayment for 1-month rent starting from September 1, 2020 3) A careful analysis shown that 1/4 of uneamed service fees were camed by Dec 31, 2020 4) A client agreed to pay $3,000 for 60-day consulting services. The first day of servion started on December 24, 2020 Prepare the necessary adjustments for Mahmood's company, Please follow the example: EXAMPLE: Question: Office equipment has a useful life of 4 years and no salvage value. It was purchased on October, 2011. Depreciation expense has been recorded to the ye but still not recorded in 2020, Answer Dr. Depreciation expense.....7.200 Cr. Accumulated Depreciation............7.200 For the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac). 10pt A Arial 2T. Q3 BIS Paragraph !!! WOOD P 0.5 points

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