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The AHMADO company’s’ record showed the alphabetical order of the accounts as follows: Accounts payable            SR20                                                      Accounts receivable       SR12                                                      Accumulated depreciation –...

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Question

Accounting

The AHMADO company’s’ record showed the alphabetical order ofthe accounts as follows:

Accountspayable           SR20                                                     

Accounts receivable      SR12                                                     

Accumulated depreciation – computerSR5        

Ahmed Capital SR30                                                                    

Ahmed Withdrawal        SR10                                                     

Cash      SR51                                                                                    

Computer          SR50     

Prepaidinsurance           SR 7

Servicerevenue                              SR70

Supplies             SR 5

Unearned revenues       SR15

Utilities expense            SR 15

Wages                SR 10

Required:

  • Prepare the trial balance by listing the accounts in correctorder with balances in appropriate debit or credit column
  • Adjust accounts, if you have the following facts:
    • Expired Insurance SR 5.
    • Estimated depreciation on office computer SR 5.
    • Accrued wages SR 5
    • Unused supplies on hands   SR 3.
    • SR 5 Of the unearned revues balance had been earned by the endof the month.
  • Prepare income statement
  • Prepare balance sheet
  • Use worksheet to answer

Answer & Explanation Solved by verified expert
4.3 Ratings (552 Votes)
Note The trial balance items provided does not balance    See Answer
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