Question: paede do it inside the tables placse plaese Q2. From the data provided you will need to make and show appropriate adjustments to both the

paede do it inside the tables placse plaese  paede do it inside the tables placse plaese Q2. From the
data provided you will need to make and show appropriate adjustments to
both the income statement and the balance sheet. Zeta corporation for Consulting
and Investments using the unadjusted trial balance, make the appropriate adjustments, then
prepare the adjusted trial balance and extract the suitable financial statements for
November 30,2021 . Analysis reveals the following additional data: - Purchased one-year
Prepaid insurance for 4900 one month ago. - Account of supplies shows

Q2. From the data provided you will need to make and show appropriate adjustments to both the income statement and the balance sheet. Zeta corporation for Consulting and Investments using the unadjusted trial balance, make the appropriate adjustments, then prepare the adjusted trial balance and extract the suitable financial statements for November 30,2021 . Analysis reveals the following additional data: - Purchased one-year Prepaid insurance for 4900 one month ago. - Account of supplies shows 1000 of unused supplies. - one-half of the uneamed revenue has been recognized for service performed. - Salaries of 4000 are accrued and unpaid on November 30 . - Revenue for services performed but unrecorded for November totalled 2400 Instructions: Journalize the adjusting entries on November 30 . Prepare an adjusted trial balance on November 30 . Prepare the financial statements. Prepare the Adjusting Entries: 30/1 Prepare the Adjusting Trial Balance Prepare the Financial statements. Zeta corporation for Consulting and Investments Statement of financial position November 30.2021

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!