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requirements have been given How to Wall clepsid. 21- Purchase office supplies from Metro and paid cash Rs. 18,000. May 22 Returned to Metro Rs.
requirements have been given
How to Wall clepsid. 21- Purchase office supplies from Metro and paid cash Rs. 18,000. May 22 Returned to Metro Rs. 1,600 of the office supplies purchased on May 21" as these items May were not exactly what the business had ordered. Metro agreed to refund the Rs. 1,600 within 10 days 24- Paid Rs. 30,000 as advance payment to Shabbir (Shafiq's brother) in return for his promise to May work as the Manager for Shafiq Auto Repair Shabbir will start working from June 1. 31- Shafiq performed auto repairs and maintenance for cash in the amount of Rs. 64,000. May 31- Shafiq had personal income during the month of May in the amount of Rs. 32,000 May 31- The business paid Rs. 12,000 as petrol expenses for Shafiq's car used by his family. May Adjustments: 31 The services performed during the month of May for Zaheer Auto Rentals were Rs. 12,000. May 31- The auto repair and maintenance work performed for the PIA fleet and not billed in the May month of May amounted to Rs. 25,000 31- The wages earned by employees but not yet recorded in the month of May amount to Rs. May 36,000 m 31- The Electricity expense for the month of May was Rs 9,000. May 31. The business had performed car maintenance and repairs work of Rs. 37,000 during the May second of May. Customers will not he hilled for these services until the beginning of June. 31- Shop supplies at the end of May were R. 22,800 W00 May 31- Office supplies used in the month of May were Rs. 3,200. May 31- The physical count of auto parts conducted at the month end gave a value of Rs. 129.600 May Required: 1. Journalize and post the above transactions to General Journal & General Ledger II. Prepare Trial Balance, II. Prepare Adjusting and closing entries and post to ledger accounts IV. Prepare an after closing trial balance, income statement, and Balance Sheet pel: D Fungible. Physical Appeasance. ) Unitangible - goodwill, Rode Move, logo, Punts, settimance Enrity Principle Business 70.000 Separate term One form oner MA objectivy cho 2 70,000 15 May is sure & 16 line is sily, 16 july - 15 Aug - Gnug 30 Aug 2 1. How to Wall clepsid. 21- Purchase office supplies from Metro and paid cash Rs. 18,000. May 22 Returned to Metro Rs. 1,600 of the office supplies purchased on May 21" as these items May were not exactly what the business had ordered. Metro agreed to refund the Rs. 1,600 within 10 days 24- Paid Rs. 30,000 as advance payment to Shabbir (Shafiq's brother) in return for his promise to May work as the Manager for Shafiq Auto Repair Shabbir will start working from June 1. 31- Shafiq performed auto repairs and maintenance for cash in the amount of Rs. 64,000. May 31- Shafiq had personal income during the month of May in the amount of Rs. 32,000 May 31- The business paid Rs. 12,000 as petrol expenses for Shafiq's car used by his family. May Adjustments: 31 The services performed during the month of May for Zaheer Auto Rentals were Rs. 12,000. May 31- The auto repair and maintenance work performed for the PIA fleet and not billed in the May month of May amounted to Rs. 25,000 31- The wages earned by employees but not yet recorded in the month of May amount to Rs. May 36,000 m 31- The Electricity expense for the month of May was Rs 9,000. May 31. The business had performed car maintenance and repairs work of Rs. 37,000 during the May second of May. Customers will not he hilled for these services until the beginning of June. 31- Shop supplies at the end of May were R. 22,800 W00 May 31- Office supplies used in the month of May were Rs. 3,200. May 31- The physical count of auto parts conducted at the month end gave a value of Rs. 129.600 May Required: 1. Journalize and post the above transactions to General Journal & General Ledger II. Prepare Trial Balance, II. Prepare Adjusting and closing entries and post to ledger accounts IV. Prepare an after closing trial balance, income statement, and Balance Sheet pel: D Fungible. Physical Appeasance. ) Unitangible - goodwill, Rode Move, logo, Punts, settimance Enrity Principle Business 70.000 Separate term One form oner MA objectivy cho 2 70,000 15 May is sure & 16 line is sily, 16 july - 15 Aug - Gnug 30 Aug 2 1Step by Step Solution
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