Prepare adjusting entries and prepare adjusted trial balance make closing entries and prepare financial statements

 

5 5 7 3 Accounts 9 Cash 0 Acc.Receivable 1 Office Supplies 2 Prepaid Rent 13 Office Equipment 14 Accumulated Dep. 15 Acc.Payable 16 Notes Pay. 17 Unearned Fees 18 Capital 19 Withdrawals 20 Service Revenue 21 Salaries Exp. 22 Rent Exp. 23 Transportation Exp. 24 Total Sound Advice Company Trial Balance 31 December 2013 Debit Balance 66.000TL 33.000 10.648 5.280 36.960 88.000 Hazir Credit Balance 6.160TL 23.760 44.000 11.880 96.008 32 7. Accrued salaries at the end of the year amounted to 1.320TL 23. Sayfa1 290.400 197.600 17.600 17.120 472.208TL 474.208TL 25 The following information is available at the end of 31 December 2013; 26 1. The physical count of supplies at year end revealed 1.056TL worth of supplies on hand (Prepaid Expense) 27 2.1.760TL of prepaid rent expired. (Prepaid Expense) (Prepaid Expense) (Accrued Revenue) (Accrued Expense) 28 3. Depreciation expense of office equipment was 2.640TL 29 4. Fees that had been earned but not yet billed and collected were 8.800TL. 30 5. Interest expense accrued on the notes payable was 2.200TL 31 6. 4.664TL of unearned fees was still not earned. F G (Unearned Revenue) (Accrued Expense)