The following adjusted trial balance has been extracted from the records of Ma Enterprise at the...

 

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The following adjusted trial balance has been extracted from the records of Ma Enterprise at the end of the accounting period April 30, 2022: Required: i ii. iii. Account Titles Cash Bank Prepaid insurance Office Equipment and Furniture Notes payable Accounts payable Unearned revenue Capital Drawing Service revenue Salaries experses Rent expenses Electricity and Utilities bill expenses Insurance expense Depreciation expense Accumulated depreciation Accounts receivable Interest expense Interest payable Salaries payable Total. Adjusted Trial Balance Debit Tk. Credit Tk. 16,000 21,000 2,400 16,000 2,500 5,200 10,900 1,500 800 400 200 600 27.500 15,000 2,900 1,800 25,000 30,600 400 600 1,200 27.500 Prepare a completed worksheet from the above adjusted trial balance. Prepare an owner's equity statement. Prepare a classified balance sheet (Assume that Tk. 8,000 of notes payable will not be paid even in the next year). iv. Give the necessary closing entries. [Use required format sheet(s) attached with the question paper to answer this question.] The Hatirjheel club opened a business on February 1, 2021. Its trial balance before. adjustment on April 30 is as follows: Accounts No. Accounts Title Cash Bank Supplies Prepaid Insurance Land and Building 101 102 Hatirjheel Club Trial Balance, April 30, 2021 Debit Taka 103 104 204 206 307 308 409 410 501 502 602 603 604 701 Furniture Accounts Payable Uncamed Rent Mortgage Payable Capital Rent Revenue Interest received from bank Advertising Salaries Expense Utilities Expense Drawing Total 20,500 12,000 1,900 2,400 85,000 16,800 500 10,000 1,400 3,000 Tk. 153,500 Credit Taka Other Data: (i) Insurance expires at the rate of Tk. 400 per month. (ii) A count of supplies shows Tk. 800 of unused supplies on April 30. Page 3 of 7 15,300 3,600 35,000 60,000 39,200 400 Tk. 153,500 (iii) Annual depreciation is Tk. 1,200 on furniture. (iv) The mortgage interest rate is Tk. 12%. (The mortgage was taken out on March01). (v) Unearned rent of Tk. 1,500 has been earned. (vi) Salaries of Tk.1,800 are accrued and unpaid at April 30. Required: 1. Journalize the adjusting entries on April 30. II. Prepare the necessary adjustments and an adjusted trial balance on April 30. [Use required format sheet attached with the question paper to answer this question.] The following adjusted trial balance has been extracted from the records of Ma Enterprise at the end of the accounting period April 30, 2022: Required: i ii. iii. Account Titles Cash Bank Prepaid insurance Office Equipment and Furniture Notes payable Accounts payable Unearned revenue Capital Drawing Service revenue Salaries experses Rent expenses Electricity and Utilities bill expenses Insurance expense Depreciation expense Accumulated depreciation Accounts receivable Interest expense Interest payable Salaries payable Total. Adjusted Trial Balance Debit Tk. Credit Tk. 16,000 21,000 2,400 16,000 2,500 5,200 10,900 1,500 800 400 200 600 27.500 15,000 2,900 1,800 25,000 30,600 400 600 1,200 27.500 Prepare a completed worksheet from the above adjusted trial balance. Prepare an owner's equity statement. Prepare a classified balance sheet (Assume that Tk. 8,000 of notes payable will not be paid even in the next year). iv. Give the necessary closing entries. [Use required format sheet(s) attached with the question paper to answer this question.] The Hatirjheel club opened a business on February 1, 2021. Its trial balance before. adjustment on April 30 is as follows: Accounts No. Accounts Title Cash Bank Supplies Prepaid Insurance Land and Building 101 102 Hatirjheel Club Trial Balance, April 30, 2021 Debit Taka 103 104 204 206 307 308 409 410 501 502 602 603 604 701 Furniture Accounts Payable Uncamed Rent Mortgage Payable Capital Rent Revenue Interest received from bank Advertising Salaries Expense Utilities Expense Drawing Total 20,500 12,000 1,900 2,400 85,000 16,800 500 10,000 1,400 3,000 Tk. 153,500 Credit Taka Other Data: (i) Insurance expires at the rate of Tk. 400 per month. (ii) A count of supplies shows Tk. 800 of unused supplies on April 30. Page 3 of 7 15,300 3,600 35,000 60,000 39,200 400 Tk. 153,500 (iii) Annual depreciation is Tk. 1,200 on furniture. (iv) The mortgage interest rate is Tk. 12%. (The mortgage was taken out on March01). (v) Unearned rent of Tk. 1,500 has been earned. (vi) Salaries of Tk.1,800 are accrued and unpaid at April 30. Required: 1. Journalize the adjusting entries on April 30. II. Prepare the necessary adjustments and an adjusted trial balance on April 30. [Use required format sheet attached with the question paper to answer this question.]