Ramallah computer repair service company was established in January of2018. For its second year of operations and at 31/12/2019 the adjusted balanceswere as follows:Асcount$Advertising Expense6,0008,00010,000380,0002,000164,0004,600460,00026,00037,000750,00077,00014,0007,00038,00020,00099,00013,40015,00012,000CashRentService trucksТаx ExpenseAccounts receivableInsurance ExpenseRevenue from repairsWages PayableAccounts PayableJ. Ali CapitalArab BankAccumulated depreciation - EquipmentUtilities expenseAccumulated depreciation-service trucksJ. Ali drawingParts and supplies on handMiscellaneous ExpensesPrepaid insuranceDepreciation expenseParts and supplies expense67,000118,000,340,000SalariesEquipmentThe accounts are listed in random orderRequired:A prepare a coded chart of accounts for the companyВprepare a trial balance in good formC prepare the Statement of Position and the Income statement for the company

Income Statement: It is used to report a company financial statement during the accounting period…

Answered: A prepare a coded chart of accounts for…

A prepare a coded chart of accounts for the company B prepare a trial balance in good form C prepare the Statement of Position and the Income statemer

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

Ramallah computer repair service company was established in January of
2018. For its second year of operations and at 31/12/2019 the adjusted balances
were as follows:
Асcount
$
Advertising Expense
6,000
8,000
10,000
380,000
2,000
164,000
4,600
460,000
26,000
37,000
750,000
77,000
14,000
7,000
38,000
20,000
99,000
13,400
15,000
12,000
Cash
Rent
Service trucks
Таx Expense
Accounts receivable
Insurance Expense
Revenue from repairs
Wages Payable
Accounts Payable
J. Ali Capital
Arab Bank
Accumulated depreciation - Equipment
Utilities expense
Accumulated depreciation-service trucks
J. Ali drawing
Parts and supplies on hand
Miscellaneous Expenses
Prepaid insurance
Depreciation expense
Parts and supplies expense
67,000
118,000,
340,000
Salaries
Equipment
The accounts are listed in random order
Required:
A prepare a coded chart of accounts for the company
В
prepare a trial balance in good form
C prepare the Statement of Position and the Income statement for the company

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