Prepare the worksheet, closing all entries and prepaid the trial balance after closing for the ABO ALI company, according to these facts: 31 Dec 2020 Trial balance Data Dr 40,000 2,800 10,300 36,300 280 Cr Cash Account Receivable Office supplies Car Accumulated Depreciation Unearned revenue Account payable Salary payable Сapital Withdrew 2,500 1,400 1,200 50,000 2,800 Revenue 42,000 Salaries Expenses Electric & Water Expenses Insurance Expenses Total 4,300 600 280 97,380 97,380 Other data consists of the following: 1. Paid Rent expenses in advance amount R.O 10,000 to the holder of a building 2. There are R.O 2,480 of supplies on hand at December 31. 3. Monthly depreciation on the equipment is R.O 280. 4. The company has earned revenue of R.O 2,000 belong for selling Insurance policy 5. The company did service for R.O 2,400 not paid yet.

Prepare the worksheet, closing all entries and prepaid the trial balance after closing for the ABO ALI company, according to these facts: 31 Dec 2020 Trial balance Data Dr 40,000 2,800 10,300 36,300 280 Cr Cash Account Receivable Office supplies Car Accumulated Depreciation Unearned revenue Account payable Salary payable Сapital Withdrew 2,500 1,400 1,200 50,000 2,800 Revenue 42,000 Salaries Expenses Electric & Water Expenses Insurance Expenses Total 4,300 600 280 97,380 97,380 Other data consists of the following: 1. Paid Rent expenses in advance amount R.O 10,000 to the holder of a building 2. There are R.O 2,480 of supplies on hand at December 31. 3. Monthly depreciation on the equipment is R.O 280. 4. The company has earned revenue of R.O 2,000 belong for selling Insurance policy 5. The company did service for R.O 2,400 not paid yet.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 13PB: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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