Question: Please answer in proper format. ANSWER ASAP ILL GIVE THUMBSUP. Below is the unadjusted trial balanoe of Candy land Inc at July 312020 and the
Below is the unadjusted trial balanoe of Candy land Inc at July 312020 and the related month adjustment itries: Adjustment data at July 312,2020: a. Services rendered to Mr. A, amount still receivable at July 31,Rs,1,700. b. The un-adjusted prepaid balance of Rs. 3,000 relates to the period July IIt,2020 through September 2020. c. Supplies used during July, Rs. 1,030. d. Received an advance of Rs. 2400 from the customer on 1" July, against which only the services worth Rs. 1100 were rendered in this month. e. Salaries payable for the month of July was R5, 5,000 to be paid in August. Required: A) Using the above adjustments, prepare the adjusting entries as at July 31w,2020. B) Prepare an Income statement and Balance sheet as at July 31 ", 2020 from un-adjusted trial balance
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