Question
The account balances of the Yamina & Company for the year ended December 31, 2021 is as under Sr. No Title of Accounts Amount 1
The account balances of the Yamina & Company for the year ended December 31, 2021 is as under Sr. No Title of Accounts Amount 1 Cash 1,200 2 Office Supplies 800 3 Prepaid Advertising 6,000 4 Rent Expenses 3,000 5 Furniture 10,000 6 Salaries expenses 5,000 7 Allowance for depreciation 2,000 8 Yamina s Capital 7,000 9 Commission Income 14,000 Additional Information 1. Office supplies on hand Rs. 500 2. Advertising cost unexpired Rs. 2,000 3. Current year depreciation on furniture 20% on cost 4. Prepaid salaries Rs.800 5. Actual rent expense for the year Rs. 3,600 6. Commission receivable Rs. 300 and unearned commission Rs.700 Required a. Prepaid Adjusting entries b. Prepare Comprehensive Income for the year ended December 31, 2011 c. Prepare Financial position as at December 31, 2011
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