Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Unadjusted Trial Balance of the ABC Companydated of December 31, 2015 is as follows: ABCCompeny UNADUSTED TRIAL BALANCE December 31,2015 (t) Inventory transactions for the

image text in transcribed

Unadjusted Trial Balance of the ABC Companydated of December 31, 2015 is as follows: ABCCompeny UNADUSTED TRIAL BALANCE December 31,2015 (t) Inventory transactions for the period end (December 31,2015 ) are as follows: 1- In the case of cash counts, it is determined that it is 80.000 f: in the safe. 2- It is determined that the difference in cash is caused by the thief. REQUIREMENTS: a) Made period end transactions to the Journal and the Ledger of the company. b) Prepare the Adjusted Trial Balance. c) Prepare Income Statement and Balance Sheet year ended December 31, 2015. d) Made closing records. NOTE: 20% Corporation tax is calculated from the period proflt. Unadjusted Trial Balance of the ABC Companydated of December 31, 2015 is as follows: ABCCompeny UNADUSTED TRIAL BALANCE December 31,2015 (t) Inventory transactions for the period end (December 31,2015 ) are as follows: 1- In the case of cash counts, it is determined that it is 80.000 f: in the safe. 2- It is determined that the difference in cash is caused by the thief. REQUIREMENTS: a) Made period end transactions to the Journal and the Ledger of the company. b) Prepare the Adjusted Trial Balance. c) Prepare Income Statement and Balance Sheet year ended December 31, 2015. d) Made closing records. NOTE: 20% Corporation tax is calculated from the period proflt

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

Step: 3

blur-text-image

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

More Books

Students also viewed these Accounting questions