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this is the only information given by the professor as you can see you can make assumptions and create your own trial balance you can

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this is the only information given by the professor
image text in transcribed
as you can see you can make assumptions and create your own trial balance
you can create your own unadjusted trial balance with any numbers
The unadjusted trial balance of RAS Agencies, Inc. at April 30, 2013, follows. The company prepares adjusting entries on a monthly basis. Other data: a. Suppliers on hand at April 1" was $4,000. Approximately $980 of unused office supply remained on hand at the end of the month. b. Paid $2,640 for 12-month insurance policy on January 1. c. $2,900 of uneared service revenue has been eamed at the end of the month. d. Salaries of $1,250 are accrued at April 30. c. The office equipment cost $18,000 has a 5-year useful life. Record the month's depreciation. f. Accrued service revenue as of April 30 was $3,000, g. Depreciation on computers, $1,000. Record the month's depreciation. h. Borrowed $8,000 by signing a 12-month, 9% note payable. i. On March 1, an office was rented for three months and $1,800 was paid in advance. 2- Prepare the adjusted trial balance. 3- Prepare the income statement, the statement of retained earnings, and the balance sheet. Credit Date Apr30 a. Account title Supplies expense Supplies Debit 3,020 3,020 Apr 30 b. 220 Insurance expense Unexpired insurance 2.640/12 as we want to adjust April 220 Apr 30 e. 2.900 unearned service revenue Service revenue 2900 Apr 30 d. 1,259 1.250 Apr 30 e. 300 300 Salary expense salaries payable Dep. Expense: off equip accumulated dep *18,000/(5x12months) Account receivable Service Revenue Dep. Expense: Computer accumulated dep Apr 30. 3000 3000 Apr 30 g 1000 1000 Apr 30 h. 60 Interest expense interest payable *8,000 X (1/12) x 9% 60 Apr 30. Rent expense 600 Prepaid rent 600 *1800/3 Dear Moussa make some assumptions and based on them add adjusting entries. be careful, your debit and credit should be equal in trial balance. then based on the adjusted trial balance you can write income statement and statement of retained earnings. It is just for practicing

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