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Mahmed's company report the long rusted trace Mahmood Company Unadjusted Trial...

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Accounting

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Mahmed's company report the long rusted trace Mahmood Company Unadjusted Trial Balance December 31, 2020 Debit Credit Cash 17,500 Accounts receivable 16 000 Office supplies 9.000 Prepad rent Ofice equipment 28 000 Accumulated depreciation Omice equipment 3.500 Uncanned service toes 23.500 Mahmood Capital 10,040 Mahmood, Withdrawals 1,500 Fees earned 71,900 Salaries expense 31.400 6 500 The following informations provided 1) A physical count of supplies shows that supplies available are $2.500 2) Al December 31, 2020, salaries incurred but not paid were $11.000 3) A carefut analysis shows that 1/4 of unenmed service fees were eamed by Dec 31, 2020 4) A client agreed to pay $3,900 for 60-day consulting services. The first day of service started on December 23, 2020 Prepare the necessary adjustments for Mahmood's company Please follow the example: EXAMPLE Question: Office equpment has a useful We of 4 years and no salvage value it was purchased on October 2019 Depreciation has been recorded for the year 2019 but still not recorded in 2020 Answer: Dr Depreciation expense 7.000 Cr Accumulated Depecation 7 000 For the toolbar SSALTADO O ALTEN.F10Mad

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