Q.No.1 The unadjusted trial balance of Tent Services at March 31, 2020 is as follows....
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Q.No.1 The unadjusted trial balance of Tent Services at March 31, 2020 is as follows. Please I need it Urgent. Thank You
Tent Services Unadjusted Trial Balance March 31, 2020 $52,950 34,295 53,160 40,650 $ 9,209 36,300 Cash Supplies Prepaid Insurance Equipment Accumulated Dep. Equipment Trucks Accumulated Dep. Trucks Accounts Payable Jesse's Capital Jesse's Drawing Services Revenue (Sales) Salaries Expense Rent Expense Depreciation Expense Truck Depreciation Expense Equipment Utilities Expense Total 6,400 12,015 150,000 5,000 188,376 83,500 20,600 14,350 13,000 12,195 $366,000 $366,000 Following information is available for passing adjusting entries for Tent Services for the year ended Mar 31, 2020. a) Supplies on hand on Mar 31, 2020 were $22,520 b) Services Revenue earned but not yet received from the customers were $ 15,350 c) Depreciation of equipment was estimated to be $2,500 for the year. d) Depreciation of truck for the year is $1,300 e) Salaries payable for staff were $9.100. Required: (10, 6, 10) 1. Prepare adjusting entries as of Mar 31, 2020. 2. Prepare Income Statement for the Tent Services for the period ended March 31, 2020 3. Prepare Balance Sheet for Tent Services as at Mar 31, 2020
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