Question
The following beginning balances are given for ATB Company at 01.01.2020. Account Name Amount (TL) Cash 83.600 Banks 19.000 Checks 43.000 Accounts Receivable 56.000 Notes
The following beginning balances are given for ATB Company at 01.01.2020.
| Account Name | Amount (TL) |
| Cash | 83.600 |
| Banks | 19.000 |
| Checks | 43.000 |
| Accounts Receivable | 56.000 |
| Notes Receivable | 67.400 |
| Allowance for Uncollectible Accounts | 16.000 |
| Inventory | 750.000 |
| Prepaid Expenses - Rent | 50.400 |
| Accounts Payable | 135.000 |
| Notes Payable | 152.600 |
| Dividends | 26.000 |
| Tax payable | 71.800 |
| Bank Loan | 228.000 |
| Bonds Issued | 230.000 |
| Buildings | 675.000 |
| Furniture and fixture | 250.000 |
| Accumulated Depreciation - Buildings | 30.000 |
| Capital Stock | 537.000 |
| Unearned Revenue | 110.000 |
| Retained Earnings | 510.000 |
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- Prepare the adjusted trial balance at 31.01.2020.
- Journalize the closing entries and make the necessary updates in the T-accounts.
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Advanced Digital Auditing Theory And Practice Of Auditing Complex Information Systems And Technologies
Authors: Egon Berghout, Rob Fijneman, Lennard Hendriks, Mona De Boer, Bert-Jan Butijn
1st Edition
3031110889, 978-3031110887
