Mahmood's company report the following unadjusted trial balance: Mahmood Company Unadjusted...
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Mahmood's company report the following unadjusted trial balance: Mahmood Company Unadjusted Trial Balance December 31, 2020 Debit Credit Cash 17,500 Accounts receivable 16,000 Office supplies 9,000 Prepaid rent 6,500 Office equipment 28,800 Accumulated depreciation Office 3,500 equipment Unearned service fees 24,500 Mahmood, Capital 10,740 Mahmood, Withdrawals 1,500 Fees earned 71.960 Salaries expense 31,400 The following information is provided: 1) A physical count of supplies shows that supplies used were $2,500, 2) The prepaid rent account represents a prepayment for 8-month rent starting from September 1, 2020. 3) A careful analysis shows that 1/4 of unearned service fees were earned by Dec 31, 2020, 4) A client agreed to pay $3,900 for 60-day consulting services. The first day of service started on December 24, 2020
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