The data below relates to Al-Jadani International Company for the year 2020, use these data to...
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The data below relates to Al-Jadani International Company for the year 2020, use these data to prepare the following statements: 1. Calculate the net income for the year ended 31/12/2020 2. Prepare the Retained Earnings Statement for the year ended 31/12/2020 Equipment Share capital-Ordinary Utilities expenses Dividends Cash Retained earnings 1/1/2020 Accounts receivable Accounts payable Services revenue SR 40,000 Supplies SR 100,000 Notes receivables Rent Expense SR 5,000 SR 12,000 Salaries expense SR 95,000 Supplies expense SR40,000 Interest expense Notes payable SR 35,000 SR 22,000 Land SR 99,000 Computers SR 4,000 SR 20,000 SR 10,000 SR 30,000 SR 15,000 SR 2,000 SR10,000 SR 100,000 SR 40,000 The data below relates to Al-Jadani International Company for the year 2020, use these data to prepare the following statements: 1. Calculate the net income for the year ended 31/12/2020 2. Prepare the Retained Earnings Statement for the year ended 31/12/2020 Equipment Share capital-Ordinary Utilities expenses Dividends Cash Retained earnings 1/1/2020 Accounts receivable Accounts payable Services revenue SR 40,000 Supplies SR 100,000 Notes receivables Rent Expense SR 5,000 SR 12,000 Salaries expense SR 95,000 Supplies expense SR40,000 Interest expense Notes payable SR 35,000 SR 22,000 Land SR 99,000 Computers SR 4,000 SR 20,000 SR 10,000 SR 30,000 SR 15,000 SR 2,000 SR10,000 SR 100,000 SR 40,000
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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