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Question#01: 10 a) The Sea Gull Company opened for business on January 1, 2018. Its trial balance before adjustment on December 31 is as follows:
Question#01: 10 a) The Sea Gull Company opened for business on January 1, 2018. Its trial balance before adjustment on December 31 is as follows: Sea Gull Company Trial Balance December 31, 2018 Account Title Debit (TK.) Credit (TK.) Cash 20,000 Accounts Receivable 50,000 Supplies 10.000 Prepaid Insurance 30.000 Land 500,000 Buildings 400.000 Equipment 600,000 Accounts Payable 80,000 Unearned Rent Revenue 120,000 Mortgage Payable 300,000 Owner's Capital 800.000 Owner's Drawings 20.000 Rent Revenue 400,000 Advertising Expense 20.000 Salaries & Wages Expense 40,000 Utilities Expense 10,000 Total 1.700.000 1,700,000 Other data: 1. Annual depreciation is TK. 20,000 on the buildings. 2. TK. 6,000 of supplies are used during the year. 3. Services are performed for Tk. 5,000 but not received and recorded yet. 4. Interest rate is 12%. Mortgage was taken on July 1. Required: Prepare a complete worksheet
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