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Record the following accounting transactions (adjustment at the end of financial year) 1- On 1/7/2021 Alslam company paid on cash a sum of 2000BD
Record the following accounting transactions (adjustment at the end of financial year) 1- On 1/7/2021 Alslam company paid on cash a sum of 2000BD for health insurance expenses, for one year health insurance. Record the adjustment record for this transaction 2- On 31/12/2015, the balance of the salaries and wages expenses account shown in the trial balance was 11,000BD, and upon auditing, it was found out that the value of salaries and monthly wages was 2,000BD. Record the adjustment record for this transaction 3- In the year 2015, Al Salam Company signed a group of contracts with other companies for providing consultation services in the field of accounting and auditing. At the end of the fiscal year and upon auditing the accounts, it was turned out in the accounting books of Al Salam Company that there were accrued revenue of 1000BD and were not recorded in its books. Record the adjustment record for this transaction 4- On 01/10/2020 Al-Amal Enterprise for Advertising has received from a customer the amount of 12,000BD in return for providing its advertising services for a period of one year beginning on 01/10/2020 and ending on 01/10/2021. The adjustment for revenue account at the end of financial year 5- On 1/7/2021 Alslam company paid a sum of 1500BD for health insurance expenses, for one year health insurance, paid on cash, the balance of health insurance prepaid expenses at the end of financial year 6- On 30/04/2020, Al-Salam Company earned revenue for providing services worth 3500BD, and the value was received in cash.
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