Ramallah computer repair service company was established in January of 2018. For its second year of...
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Ramallah computer repair service company was established in January of 2018. For its second year of operations and at 31/12/2019 the adjusted balances were as follows: Account $ Advertising Expense Cash 6,000 8,000 10,000 380,000 2,000 146,000 4,600 460,000 Rent Service trucks Таx Expense Accounts receivable Insurance Expense Revenue from repairs Wages Payable Accounts Payable | J. Ali Capital 26,000 37,000 750,000 77,000 14,000 7,000 38,000 20,000 99,000 5,400 15,000 12,000 67,000 118,000, 340,000 Arab Bank Accumulated depreciation - Equipment Utilities expense Accumulated depreciation-service trucks J. Ali drawing Parts and supplies on hand Miscellaneous Expenses Prepaid insurance Depreciation expense Parts and supplies expense Salaries Equipment The accounts are listed in random order Required: A prepare a coded chart of accounts for the company B prepare a trial balance in good form C prepare an Income statement for the company Ramallah computer repair service company was established in January of 2018. For its second year of operations and at 31/12/2019 the adjusted balances were as follows: Account $ Advertising Expense Cash 6,000 8,000 10,000 380,000 2,000 146,000 4,600 460,000 Rent Service trucks Таx Expense Accounts receivable Insurance Expense Revenue from repairs Wages Payable Accounts Payable | J. Ali Capital 26,000 37,000 750,000 77,000 14,000 7,000 38,000 20,000 99,000 5,400 15,000 12,000 67,000 118,000, 340,000 Arab Bank Accumulated depreciation - Equipment Utilities expense Accumulated depreciation-service trucks J. Ali drawing Parts and supplies on hand Miscellaneous Expenses Prepaid insurance Depreciation expense Parts and supplies expense Salaries Equipment The accounts are listed in random order Required: A prepare a coded chart of accounts for the company B prepare a trial balance in good form C prepare an Income statement for the company
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A B D E G H K L Chart of Accounts Trial Balance 1 2 Code Account Code Particulars Amountdebit Amount... View the full answer
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
Posted Date:
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