Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2: Presented below is the unadjusted trial balance for Hanif Real Estate Agency for the me Oct 2019 Haniff Real Estate Agency Unadjusted trial

image text in transcribed

Question 2: Presented below is the unadjusted trial balance for Hanif Real Estate Agency for the me Oct 2019 Haniff Real Estate Agency Unadjusted trial balance as at 31 Oct 2019 Acco Dehit (RM Credit (RM) Cash 77,900 Capital 71.000 Fumiture 3.500 AP World 1.500 Prepaid Insurance (Assets) 6,000 Salary 1500 Rent 1.500 R Billy 4500 Uneamed Service Revenue (L) 7700 Service Revenue 15,000 Utilities 300 95,200 95,200 Additional Information Deprecation for the month on Oct are as follow: Furniture :RM700 Rent for the month of Oct was RM1,000 only. RM1,700 of unearned revenue has been carned Actual utilities incurred for the month of Oct was RM800. RM1,000 prepaid insurance has expired. 2% of Accounts Receivables expected can not be collected Required: Prepare: a) Joumal entries for the adjustments b) an adjusted trial balance as at 31 Oct 2019 c) Statement of Profit or Loss for the month ended 31 Oct 2019 d) Statement of Owner's Equity for the month ended 31 Oct 2019 c) Statement of Financial Position as at 31 Oct 2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Connect For Computer Accounting With Quickbooks Online

Authors: Donna Kay

2nd Edition

1264152272, 9781264152278

More Books

Students also viewed these Accounting questions

Question

Am I buying this in an attempt to satisfy a psychological need?

Answered: 1 week ago

Question

=+d. Write at least five sentences or phrases for body copy.

Answered: 1 week ago

Question

=+b. Create a tagline.

Answered: 1 week ago