Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. urgent urgent please help me for this accounting q

Urgent Urgent Please help me for this accounting question!!!!!!!!!!!!!!!!!!!! The unadjusted trial balance of...

80.2K

Verified Solution

Question

Accounting

image Urgent Urgent Please help me for this accounting question!!!!!!!!!!!!!!!!!!!!

The unadjusted trial balance of Joseph Enterprise as at 31st December 2021 is given in the following table. Adjusted Trial Balance Debit Credit Account Titles $ $ Office equipment 83,000 Building 114,000 Delivery van 25,000 Cash at bank 35,000 Accounts Receivable 47,000 Accounts Payable 5-Year Bank Loan Service Revenue Interest expenses 3,200 Salary expenses 19,000 Commission expense 9,200 Repairs and maintenance 2,500 Advertising 7,100 Capital 186,000 Total 345,000 345,000 Required: Prepare an income statement, statement of owner's equity, and balance sheet for the year ended 31st December 2021. 40,000 52,000 67,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students