Question
. The adjusted trial balance of CHO company appears below. Using the information from the adjusted trial balance, you are to prepare for the month
. The adjusted trial balance of CHO company appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31, a statement of financial position.
CHO company
Adjusted Trial Balance
December 31, 2018
Debit Credit
Cash .................................................................................................. SAR 4,400
Accounts Receivable......................................................................... 2,200
Office Supplies.................................................................................. 1,800
Office Equipment.............................................................................. 15,000
Accumulated DepreciationOffice Equipment............................... SAR 4,000
Accounts Payable.............................................................................. 3,800
Unearned Revenue............................................................................ 5,000
Share CapitalOrdinary..................................................................... 10,000
Retained Earnings.............................................................................. 4,400
Dividends ......................................................................................... 2,500
Service Revenue................................................................................ 3,700
Office Supplies Expense................................................................... 600
Depreciation Expense........................................................................ 2,500
Rent Expense..................................................................................... 1,900 ______
30,900 30,900
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started