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Question 2: You are given the account balances at the end of 2020 before and after adjustments as follows: Salaries expense Accounts payable Un-Adjusted
Question 2: You are given the account balances at the end of 2020 before and after adjustments as follows: Salaries expense Accounts payable Un-Adjusted Trial Balance Adjusted Trial Balance 2020 11000 2020 12000 ???? Prepaid Rent 5000 Rent expense 7000 ???? Zero Service Revenue Zero Accounts Receivable 50000 7722 Unearned Revenues 50000 100000 4000 4000 Required: 1- Calculate the missing numbers ????? in the table above. 2- Prepare the necessary adjusting entries on 31 December 2020.
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