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QUESTION 5 Mahmood's company report the following unadjusted trial balance: Mahmood Company Unadjusted Trial Balance December 31, 2020 Debit Credit Cash 17.500 Accounts receivable 16,000 Office supplies 9,000 Prepaid rent 6,500 Office equipment 28,000 Accumulated depreciation- Office equipment 3,500 Unearned service fees 23 500 Mahmood Capital 10.940 Mahmood Withdrawals 1,500 Fees earned 71 960 Salaries expense 31 400 The following information is provided 10,940 Capital Mahmood, Withdrawals Fees earned Salaries expense 1,500 71,960 31,400 The following information is provided: 1) A physical count of supplies shows that supplies available are $2,500 2) Alt December 31, 2020 salaries incurred but not paid were $11,000 3) A careful analysis shows that 1/4 of uneared service fees were earned 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 equipment has a useful life of 4 years and no salvage value. It was purchased on October, 2019 Depreciation ex but still not recorded in 2020 Answer: Dr Depreciation expense 7,000 Cr Accumulated Depreciation 7000 For the toolbar, press ALT-F10 (PC) or ALT-FN-F10(Mac) Igs Paragraph Arial 10pt A 3 X X 3 IT TO v 99 CN Save and Submit toate and unit. Chek Save All Annette alla

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