The Unadjusted Trial Balance of Davao Laundry Services is prepared for the month ended 31^st March 2019

You are asked to do the adjustments as follows;

(General Journal on the following)

Davao Laundry Services (sole trader)

1. 2% of the outstanding receivable account is estimated to be doubtful of collection.

Outstanding Accounts Receivable per Ledger balance is OMR 800.

2. OMR200 cost of supplies inventory was actually consumed.

3. The Laundry Machine of OMR 1500 has estimated life of 5 years without salvage value.

4. Advertising Expense of OMR 300 has been incurred but still unpaid.

• Prepare the necessary Adjusting Entries.
• Prepare an 8-column worksheet showing the Trial Balance, Adjusted Trial Balance, Income Statement and Balance Sheet.
• Write a brief report assessing the impact of each amendment on profit and loss, assets and liabilities

Davao Laundry Services Worksheet For the month ended March 31, 2019 Adjustments Dell Trial Balance Income Statement Balance Sheet Debat Quedia Credit OMR 6,610 400 900 1,500 Account Titles Cash in Bank Accounts Receivable Laundry Supplies Inventory Laundry Equipment Notes Payabale Accounts Payable Santos, Capital Santos, Drawing Laundry Income Salaries Expense Rent Expense Utilities Expense Taxes and Licenses Interest Expense Total 1,000 300 8,000 100 800 200 150 180 40 20 10,100 10,100 Uncollectible Account Estimated Uncollected Laundry Supplies Expense Depreciation Expense Accumulated Depreciation-Laundry Advertising Expense Accrued Advertising Expense Total Acu Go tos Loss Total