Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The lediger of Ahsan Trading Co. on Mar 31, 2020 includes the following accounts before adjusting entries have been prepared Trial Balance as at March

image text in transcribed
image text in transcribed
image text in transcribed
The lediger of Ahsan Trading Co. on Mar 31, 2020 includes the following accounts before adjusting entries have been prepared Trial Balance as at March 31, 2020 Accounts title Debit Credit Cash $ 25,000 14,600 2700 Accounts Receivable Supplies Buildings Equipment Unearned Service Revenue 50,000 20,000 4,100 95.000 Owner's Capital Service Revenue Totals 13,200 112,300 112,300 An Analysis of the accounts shows the following 1) Services performed but not recorded at March 31 are $2,600 2) $1.550 of unearned service revenue was earned during the month 3) Supplies of $900 have been used in March 4) Salaries accrued at March 315 51.850 5) Equipment has been depreciated $175 per month MacBook Air 80 888 FS Du $ 4 E q % 5 0 & 6 1 7 V 8 E R Y T E F G i The lediger of Ahsan Trading Co. on Mar 31, 2020 includes the following accounts before adjusting entries have been prepared Trial Balance as at March 31, 2020 Accounts title Debit Credit Cash $ 25,000 14,600 2700 Accounts Receivable Supplies Buildings Equipment Unearned Service Revenue 50,000 20,000 4,100 95.000 Owner's Capital Service Revenue Totals 13,200 112,300 112,300 An Analysis of the accounts shows the following 1) Services performed but not recorded at March 31 are $2,600 2) $1.550 of unearned service revenue was earned during the month 3) Supplies of $900 have been used in March 4) Salaries accrued at March 315 51.850 5) Equipment has been depreciated $175 per month MacBook Air 80 888 FS Du $ 4 E q % 5 0 & 6 1 7 V 8 E R Y T E F G i Supplies of $900 have been used in Mar ed service revenue w 4) Salaries accrued at March 31 is $1,850. 5) Equipment has been depreciated $175 per IT REQUIRED: Journalize the adjusting entries for the month of March 2 B 1 F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing The Art and Science of Assurance Engagements

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones

14th Canadian edition

134613112, 134835018, 9780134885254 , 978-0134613116

More Books

Students also viewed these Accounting questions

Question

10-7 How will MIS help my career?

Answered: 1 week ago

Question

Be able to suggest some future options for human resources

Answered: 1 week ago

Question

Be able to create a contract for consultant services

Answered: 1 week ago