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Rasha's Company Trial Balance December 31, 2019 Accounts Debit Credit Accounts Receivable 3,500 Loan 5,000 600 20,000 30,000 1,200 Utilities Expense Notes Payable Equipment Prepaid
Rasha's Company Trial Balance December 31, 2019 Accounts Debit Credit Accounts Receivable 3,500 Loan 5,000 600 20,000 30,000 1,200 Utilities Expense Notes Payable Equipment Prepaid Rent Expense Cash Share Capital-Ordinary Salaries and Wages Expense Prepaid insurance Expense Unearned revenue Accounts Payable 28,700 35,000 900 1.200 1,000 600 Service Revenue 4,500 Total 66,100 66,100 Accounting period starts on January, 1 and ends on December, 31 On February 1, Rasha's company paid rent cash of 1,200 in advance for ABC company for one year. On March 1, Rasha's company received 1,000 of cash in advance to provide consultation service for one year. On December 31, it is found that only two-thirds of the service that is related to the unearned revenue account was performed during 2019. On May 1, Rasha's company paid 1.200 for a one-year insurance policy. On March 1, 2019, the company borrowed money from the bank (Loan), and the company pays interest expenses 10% annually at the beginning of March The depreciation expense of equipment is 1,000. Instructions Report adjusting entries as of December 31, 2019. Prepare the adjusted trial balance as of December 31, 2019
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