The following information is available at the end of December 31, 2022:The physical count of office supplies at year end revealed ₺ 1.056 worth of office supplies on hand.₺ 1.760 of prepaid rent expired.Depreciation expense of office equipment was ₺ 2.640.Fees that had been earned but not yet billed and collected were ₺ 8.800.Interest expense accrued on the notes payable as of December 31, 2023 was ₺ 2.200.₺ 4.664 of unearned fees was still unearned as of December 31, 2023.Accrued salaries at the end of the year amounted to ₺ 1.320.Reguired:Prepare the adjusting entriesPrepare closing entriesPrepare the adjusted trial balance 5. The temporary trial balance of Sound Advisory Company is presented below:Sound Advisory CompanyTemporary Trial BalanceDecember 31, 2022ACCOUNTCashAccounts ReceivableOffice SuppliesPrepaid RentOffice EquipmentAccumulated DepreciationAccounts PayableNotes PayableUnearned FeesPaid in CapitalSales RevenueSalary ExpenseRent ExpenseTransportation ExpenseTOTALDEBİT₺ 66.00033.00010.6485.28036.960197.60017.60017.120384.208CREDİT₺ 6.16023.76044.00011.8808.008290.400384.208

A trial balance is an informal…

5. The temporary trial balance of Sound Advisory Company is presented below: Sound Advisory Company Temporary Trial Balance December 31, 2022 ACCOUNT Cash Accounts Receivable Office Supplies Prepaid Rent Office Equipment Accumulated Depreciation Accounts Payable Notes Payable Unearned Fees Paid in Capital Sales Revenue Salary Expense Rent Expense Transportation Expense TOTAL DEBİT ₺ 66.000 33.000 10.648 5.280 36.960 197.600 17.600 17.120 384.208 CREDIT ₺ 6.160 23.760 44.000 11.880 8.008 290.400 384.208

5. The temporary trial balance of Sound Advisory Company is presented below: Sound Advisory Company Temporary Trial Balance December 31, 2022 ACCOUNT Cash Accounts Receivable Office Supplies Prepaid Rent Office Equipment Accumulated Depreciation Accounts Payable Notes Payable Unearned Fees Paid in Capital Sales Revenue Salary Expense Rent Expense Transportation Expense TOTAL DEBİT ₺ 66.000 33.000 10.648 5.280 36.960 197.600 17.600 17.120 384.208 CREDIT ₺ 6.160 23.760 44.000 11.880 8.008 290.400 384.208

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter4: Accounting For Retail Operations

Section: Chapter Questions

Problem 4.7E: Determining amounts to be paid on invoices Determine the amount to be paid in full settlement of...

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