Q 2: You have the following data for Al-Raneen Company, which adopts the unified accounting...
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Q 2: You have the following data for Al-Raneen Company, which adopts the unified accounting system for the year 2018: 1- The employees were paid an amount of 14,000 dinars for a period of 14 months, starting from 2018.2-1-1- There is a revenue of 8,000 dinars that will be received on 2-2- 2019.3 - A contract was made with a company to maintain the equipment for an amount of 5,000 dinars, to be paid on 1-3 2019.4- On 1-1, the company's stores were rented because they are not needed at the present time, at an amount of 18,000 dinars for a period of two years. Required: Prepare settlement entries for the year 2018
Q2: You have the following data for Al-Raneen Company, which adopts the unified accounting system for the year 2018: 1- The employees were paid an amount of 14,000 dinars for a period of 14 months, starting from 2018.2-1-1- There is a revenue of 8,000 dinars that will be received on 2-2- 2019.3 - A contract was made with a company to maintain the equipment for an amount of 5,000 dinars, to be paid on 1-3 2019.4- On 1-1, the company's stores were rented because they are not needed at the present time, at an amount of 18,000 dinars for a period of two years. Required: Prepare settlement entries for the year 2018 Your
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