5. Mr. Mohammed has opened a Manpower Consultancy on January 1, 2020. During the first month of operations the following transactions have occurred. a. Performed services for customers. At January 31, OMR2,000 of such services was earned but not yet recorded. b. Utility expenses incurred but not paid prior to January 31 totalled OMR 550. c. Purchased equipment on January 1 for OMR 40,000, paying OMR 13,000 in cash and signing a OMR 17,000, 4-year note payable. The equipment depreciates OMR 500 per month. Instruction: Prepare the adiusting entries on January 31

5. Mr. Mohammed has opened a Manpower Consultancy on January 1, 2020. During the first month of operations the following transactions have occurred. a. Performed services for customers. At January 31, OMR2,000 of such services was earned but not yet recorded. b. Utility expenses incurred but not paid prior to January 31 totalled OMR 550. c. Purchased equipment on January 1 for OMR 40,000, paying OMR 13,000 in cash and signing a OMR 17,000, 4-year note payable. The equipment depreciates OMR 500 per month. Instruction: Prepare the adiusting entries on January 31

Name: 5. Mr. Mohammed has opened a Manpower Consultancy onJanuary 1, 2020.
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Description: 5. Mr. Mohammed has opened a Manpower Consultancy onJanuary 1, 2020. During the first month of operations thefollowing transactions have occurred.a. Performed services for customers. At January 31, OMR2,000of such services was earned but not yet rec

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 3PB

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