Requirement:

Required: Prepare all necessary adjusting entries for the month of December and prepare an adjusted trial balance as of 31 December.

\begin{tabular}{|l|l|l|} \hline No. & Transaction Description & Date \\ \hline 1 & On 31 December, Hatch completed a service for which it had & 31 -Dec-23 \\ & received payment at the beginning of August of $15,000 & \end{tabular} 2 On 31 December, Hatch determined that it had earned but not 31-Dec-23 yet billed (invoiced) revenues of $50,000 3 The interest rate on the loan is 6 per cent p.a. 31-Dec-23 4 A count of the supplies revealed $50,000 of supplies is 31-Dec-23 remaining on 31 December 5 Received an advertising bill to be paid next month of $4,00031-Dec-23