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You have been provided with the end of year, unadjusted trial balance for MOVE U LTD and a list of balance day adjustments to be
You have been provided with the end of year, unadjusted trial balance for MOVE U LTD and a list of balance day adjustments to be entered into the General Journal. MOVE U UNADJUSTED TRIAL BALANCE AS AT 31" August 2021 Cash at bank 29080 ii) Closing entries; and 3. Reversing entries b. Balance sheet ast 31st August 2021 Copy and paste the following table to your answer space (Use keep formatting option when pasting). If you cannot copy and paste the table, follow the instructions below the supplied table Q 1 Solution Accounts Receivable 68250 Allowance for Doubtful Debts 1500 Prepaid Insurance 3600 Moving Van 45000 Acc. Depreciation. Van 9000 Capital - Gloria Nash 71000 Drawings - Gloria Nash 16,500 Fees Revenue 90930 Moving staff wages Total 10000 172430 172430 Additional Information The annual Insurance policy was paid on 1st June 2021. An Accounts Receivable of $ 750 is uncollectible and is to be written off. The policy is to have the Allowance for Doubtful Debts equal to 2% of accounts receivable Moving van is depreciated at 10% per annum reducing balance method. Wages amounting to $ 950 had been incurred but not been paid as at 31stAugust 2021. Required: a. Provide the General Journal entries, (narrations not required) for the: D Balance day adinstments
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