#S Unadjusted Trail Balance Jenson Company Ltd. As on Dec. 31, 2022 UATB Adjustments ATB IS...

  

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#S Unadjusted Trail Balance Jenson Company Ltd. As on Dec. 31, 2022 UATB Adjustments ATB IS Accounts Title Cash Supplies Prepaid insurance Equipment Accuted dep-Equip Accounts payable Long-term payable Owner's capital Withdrawals Construction earned Wage expense Insurance expense note fees Rent expense Property tax expense Repairs expense Utilities expense Consultancy earned Salaries expense Total fees Debit Credit (Tk) (Tk) 40000 8900 6200 250000 30000 45860 2640 13200 4600 4800 4000 25250 5800 44000 177650 136000 56500 35000 445200 445200 BS Debit Credit Debit Credit Debit Credit | Debit Credit (Tk) (Tk) (Tk) (Tk) (Tk) (Tk.) (Tk) (Tk) Adjustments: (a) The supplies on hand at the end of the year had a cost of Tk. 5000 (b) The amount of insurance expense was Tk 4000 (c) Depreciation expense on equipment was Tk. 10000 (d) The unpaid wages for the year Tk. 8000. (e) Additional property taxes Tk. 7000 have been assessed on the Equipment but have not been paid. (f) The long-term note payable bears 10% annual interest rate and interest for 6 months was due. (g) The company has earned Tk 9000 as delivery service revenue but no bill was sent. Prepare a 10-column Work Sheet for 2022. #S Unadjusted Trail Balance Jenson Company Ltd. As on Dec. 31, 2022 UATB Adjustments ATB IS Accounts Title Cash Supplies Prepaid insurance Equipment Accuted dep-Equip Accounts payable Long-term payable Owner's capital Withdrawals Construction earned Wage expense Insurance expense note fees Rent expense Property tax expense Repairs expense Utilities expense Consultancy earned Salaries expense Total fees Debit Credit (Tk) (Tk) 40000 8900 6200 250000 30000 45860 2640 13200 4600 4800 4000 25250 5800 44000 177650 136000 56500 35000 445200 445200 BS Debit Credit Debit Credit Debit Credit | Debit Credit (Tk) (Tk) (Tk) (Tk) (Tk) (Tk.) (Tk) (Tk) Adjustments: (a) The supplies on hand at the end of the year had a cost of Tk. 5000 (b) The amount of insurance expense was Tk 4000 (c) Depreciation expense on equipment was Tk. 10000 (d) The unpaid wages for the year Tk. 8000. (e) Additional property taxes Tk. 7000 have been assessed on the Equipment but have not been paid. (f) The long-term note payable bears 10% annual interest rate and interest for 6 months was due. (g) The company has earned Tk 9000 as delivery service revenue but no bill was sent. Prepare a 10-column Work Sheet for 2022.

Answer rating: 100% (QA)

Here are the detailed stepbystep workings with answers to each adjustment question a The supplies on hand at the end of the year had a cost of Tk 5000 ... View the full answer