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QUESTION 16 Mahmood's company report the following unustod france Mahmood Company Unadjusted Trial Balance December 31, 2020 Debit Credit Cash 17,500 Accounts receivable 16000 Office supplies 9,000 Prepaid rent 6,500 Office equipment 28,800 Accumulated depreciation Office 3,500 equipment Uneamed service fees 24,500 10/40 Mahmood Capital Mahmood, Withdrawals 1,500 71 960 Fees earned 31 400 Salaries expense The following information is provided 11 Acueral.count of euch that corona 2 Clot Sate and Submit to some and submit Clit Sauel Antall answers wood Withdrawal Focs card Sides ex NSO The following formation is provided TO 31 400 7100 1) A physical count of supplies shows that supplies used were $2,500 2) The prepaid rent account represents a prepayment for B-month rent starting from September 1,2070 3) A careful analysis shows that 1/4 of uneamod service fees were comod 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 Prepare the necessary adjustments for Mahmood's company. Please follow the example: EXAMPLE Question: Office equipment has a useful life of 4 years and no salvage value. It was purchased on October, 2019 Depreciation per the year 2019, but still not recorded in 2020 Answer: Dr. Depreciation expense 7.200 Cr. Accumulated Depreciation 7 200 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Max). B Arial A IVS 10pt 2 Paragraph IS T. t V X X, fle 19 V V A KR Sok Save and Submit to save and submit Click Saw AILA O sea

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