Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The trial balance of Dazzling Company on September 30, 2019, is given below: Dazzling Company Trial Balance September 30, 2019 Debit (Tk.) Credit (Tk.) 12,800
The trial balance of Dazzling Company on September 30, 2019, is given below: Dazzling Company Trial Balance September 30, 2019 Debit (Tk.) Credit (Tk.) 12,800 2,500 Account Title Cash Supplies 3,000 5,000 5,000 2,500 1,500 Prepaid Insurance Office Equipment Note Payable Account Payable Unearned Revenue Capital Drawings Service Revenue Salary Expense Utility Expense Total 10,000 800 10,000 4,000 900 29,000 29,000 Analysis reveals the following additional data: Supplies on hand on September 30, tk. 800. Insurance policy is for three years. Depreciation tk. 500 for each month. Unearned revenue is still unearned tk. 900. Service provided but not received tk. 2,000. Required: (1) Prepare adjusting entries for September 30, 2019. (ii) Prepare adjusted trial balance as on September 30, 2019
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