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…

Answered: 5. The temporary trial balance of Sound…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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 entries
Prepare closing entries
Prepare the adjusted trial balance

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
CREDİT
₺ 6.160
23.760
44.000
11.880
8.008
290.400
384.208

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