SO LODO so 2.000 9,000 AR 19.000 64,000 6,000 A Payable 8,000 Red Emines 17,500 Prey Rent 12.000 Merchandise Inventory 11,000 Accum. Depreciation Equipment 5,000 1. (15 pts) Prepare a trial balance for 2021. 2 pts) Make the adjusting journal entries a 2021 annual depreciation is 1000 b. Felay pays 12000 rent above for 12 months o cFelay borrows 5000 12% loan on Nov 1 (9 pts) Prepare the adjusted trial balance (9 pts) No dividends declared. Make the closing entri (5 pts) Prepare the after closing trial balance 2 3 4 5 Debits creide The following in the main cand of Larra Caterinstor Ther, NL 1. Cei din 2013 maar in dvance work to time of the cash wal for the full in As of year end 10% complete with the water empleted in 2013 2. Lo Capovic 2.300 for one of its customers in 2012, but did ter until 2013 Lornaling pall on September , 2012, for one year's rent in advance. Al payment the counterpaident account for the hill amount. No other de with respect to this transaction 4. Lorre Catering failed to read was name but unpaid as of December 31, 2012, was were and is an expense in 2013 te whether each item has understated () overstated (O), or had no effect (N) on the pense, and income, as well as the year end total set total liabilities, and totalt pulty balances. First question is annwered as an example wwer Reven Experts Net locome O N N 120 N Liabilities U o Stockholders' Equity 0 N SO LODO so 2.000 9,000 AR 19.000 64,000 6,000 A Payable 8,000 Red Emines 17,500 Prey Rent 12.000 Merchandise Inventory 11,000 Accum. Depreciation Equipment 5,000 1. (15 pts) Prepare a trial balance for 2021. 2 pts) Make the adjusting journal entries a 2021 annual depreciation is 1000 b. Felay pays 12000 rent above for 12 months o cFelay borrows 5000 12% loan on Nov 1 (9 pts) Prepare the adjusted trial balance (9 pts) No dividends declared. Make the closing entri (5 pts) Prepare the after closing trial balance 2 3 4 5 Debits creide The following in the main cand of Larra Caterinstor Ther, NL 1. Cei din 2013 maar in dvance work to time of the cash wal for the full in As of year end 10% complete with the water empleted in 2013 2. Lo Capovic 2.300 for one of its customers in 2012, but did ter until 2013 Lornaling pall on September , 2012, for one year's rent in advance. Al payment the counterpaident account for the hill amount. No other de with respect to this transaction 4. Lorre Catering failed to read was name but unpaid as of December 31, 2012, was were and is an expense in 2013 te whether each item has understated () overstated (O), or had no effect (N) on the pense, and income, as well as the year end total set total liabilities, and totalt pulty balances. First question is annwered as an example wwer Reven Experts Net locome O N N 120 N Liabilities U o Stockholders' Equity 0 N
