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Required: Prepare [In the attached excel sheet] Journal T Account (Ledger Account) Trial Balance Statement of Changes in Equity Balance Sheet. Trulia Advice Inc. is
Required: Prepare [In the attached excel sheet]
Journal
T Account (Ledger Account)
Trial Balance
Statement of Changes in Equity
Balance Sheet.
Trulia Advice Inc. is a multinational financial consultancy services company that specialises in financial consultancy services and consulting to big corporates to handle financial crisis. Following are the transactions for the year 2020. Adjustments \begin{tabular}{c|l} As of 31st December 2020, \\ 2 & Stationery of value $1,000 was found left in store that could \\ 3 & Earned $40,000 of the $60,000 of revenue deferred on Feb 2 \\ Recognized $1,200 Rent revenue which is not received until \\ 4 & $8000 was found accrued of Wages. \\ 5 & Had used half of the $24,000 of insurance coverage that it h \\ 6 & Trulia Advice Inc had the following Balances at the beginni \\ a. Cash: $15,000, \\ b. Common Stock $15,000 \\ c. There was no Retained Earnings opening balance. \end{tabular} Required: Prepare [In the attached excel sheet] a) Journal b) T Account (Ledger Account)| c) Trial Balance d) Statement of Changes in Equity e) Balance Sheet. Trulia Advice Inc. is a multinational financial consultancy services company that specialises in financial consultancy services and consulting to big corporates to handle financial crisis. Following are the transactions for the year 2020. Adjustments \begin{tabular}{c|l} As of 31st December 2020, \\ 2 & Stationery of value $1,000 was found left in store that could \\ 3 & Earned $40,000 of the $60,000 of revenue deferred on Feb 2 \\ Recognized $1,200 Rent revenue which is not received until \\ 4 & $8000 was found accrued of Wages. \\ 5 & Had used half of the $24,000 of insurance coverage that it h \\ 6 & Trulia Advice Inc had the following Balances at the beginni \\ a. Cash: $15,000, \\ b. Common Stock $15,000 \\ c. There was no Retained Earnings opening balance. \end{tabular} Required: Prepare [In the attached excel sheet] a) Journal b) T Account (Ledger Account)| c) Trial Balance d) Statement of Changes in Equity e) Balance SheetStep by Step Solution
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