About Support Bookshell III Accounting Principles IF o Instructions Prepare a classified sement of financial position in good form as of December 31, 2020 E417(L04 These financial statement items are for Baste Tax Services at year-end, July 31 2020 M" B e Prepare facial statements Balwies and wages payable e 2.000 Notes payable long-term) 1.800 Saries and we expenso 48.700 Cash 14200 Us expense 22.600 Accounts receivable 3.700 Equipment 34.400 Accumulated depreciation equipment 6000 Accounts payable 4.100 Owner's drawings 3.000 Service revenu 63.000 Depreciation expense 1000 Renee 8500 Owner's capital beginning of the year) 01.200 instructions Prere come to an owner's statement for the year. The owner did not make any new vestent during the you 1. Prepare went of and position at 31 1410) Kant Company Days of $12.000 every Monday for the preceding 5-day Monday through from some Decemben Totes les have worked 2 days without en dat the end of the frescaya all Mohd arif 1. Classify and list the Users of Accounting with special reference to UAE based listed companies (2 Marks) (OR] 2. Explain the Entity concept with an example from UAE based company. (2 Marks) non 3 At the end of its accounting period, December 31"! 2017. Danah Inc has assets of AED 3,650 000 and liabilities of AED 1,715 000 Using the accounting equation, determine the following amounts (3 Marks) (a) Owner's equity as of December 31 December 2017 (b) Owner's equity as of December December 2010 auming that assets were purchased for AED 375 000 and paid the abilities for AED 205 000 During the yer December 2010. 16 company has introduced the damnat About Support Bookshell III Accounting Principles IF o Instructions Prepare a classified sement of financial position in good form as of December 31, 2020 E417(L04 These financial statement items are for Baste Tax Services at year-end, July 31 2020 M" B e Prepare facial statements Balwies and wages payable e 2.000 Notes payable long-term) 1.800 Saries and we expenso 48.700 Cash 14200 Us expense 22.600 Accounts receivable 3.700 Equipment 34.400 Accumulated depreciation equipment 6000 Accounts payable 4.100 Owner's drawings 3.000 Service revenu 63.000 Depreciation expense 1000 Renee 8500 Owner's capital beginning of the year) 01.200 instructions Prere come to an owner's statement for the year. The owner did not make any new vestent during the you 1. Prepare went of and position at 31 1410) Kant Company Days of $12.000 every Monday for the preceding 5-day Monday through from some Decemben Totes les have worked 2 days without en dat the end of the frescaya all Mohd arif 1. Classify and list the Users of Accounting with special reference to UAE based listed companies (2 Marks) (OR] 2. Explain the Entity concept with an example from UAE based company. (2 Marks) non 3 At the end of its accounting period, December 31"! 2017. Danah Inc has assets of AED 3,650 000 and liabilities of AED 1,715 000 Using the accounting equation, determine the following amounts (3 Marks) (a) Owner's equity as of December 31 December 2017 (b) Owner's equity as of December December 2010 auming that assets were purchased for AED 375 000 and paid the abilities for AED 205 000 During the yer December 2010. 16 company has introduced the damnat