The AHMADO company’s’ record showed the alphabetical order ofthe accounts as follows:
Accountspayable SR20
Accounts receivable SR12
Accumulated depreciation – computerSR5
Ahmed Capital SR30
Ahmed Withdrawal SR10
Cash SR51
Computer SR50
Prepaidinsurance SR 7
Servicerevenue SR70
Supplies SR 5
Unearned revenues SR15
Utilities expense SR 15
Wages SR 10
Required:
- Prepare the trial balance by listing the accounts in correctorder with balances in appropriate debit or credit column
- Adjust accounts, if you have the following facts:
- Expired Insurance SR 5.
- Estimated depreciation on office computer SR 5.
- Accrued wages SR 5
- Unused supplies on hands SR 3.
- SR 5 Of the unearned revues balance had been earned by the endof the month.
- Prepare income statement
- Prepare balance sheet
- Use worksheet to answer
