• INSTRUCTIONS: 1. The Assignment Must be typed and sent as a word document on Moodle NO EMAILS WILL BE ACCEPTED 2. There must be proper referencing and citation. Harvard referencing. Formatting Instructions - Font - Times New Roman, Font Size -12 - Line Spacing 1.5 - Justified - I"margin; left, right, top and bottom 3. Copying and Plagiarising will be penalised. (15 Marks) The trial balance of Jill Titan, Attorney at September 30, 20019, and the data needed for the month- end adjustments follow: a. Insurance coverage still remaining at September 30, K400. b. Supplies used during the month, K300. e. Depreciation for the month, K850. d. Accrued advertising expense at September 30, K400. (Use Accounts Payable as the liability account needed.) e. Accrued salaries at September 30, K200. f. Service revenue still unearned at September 30, K1,200. Jill Titan, Attorney Trial Balance September 30, 2019 Dr. Cr. Cash 25,500 Accounts Receivable 42,500 Prepaid Insurance Supplies Building Accumulated Depreciation, Building Accounts Payable Salary Payable Unearmed Service Revenue 4,200 700 410,900 291,600 2,900 2,600 Jill Titan, Capital Jill Titan, Withdrawals Service Revenue 184,400 3,200 9,100 Salary Expense Insurance Expense Depreciation Expense, Building Advertising Expense 2,700 900 Supplies Expense Total K490,600 K490,600 Requirements a. Prepare a l10-column worksheet (5 Marks) b. Prepare the closing entries (7.5 Marks) c. Prepare a Post-closing entry Trial Balance (2.5 Marks)
• INSTRUCTIONS: 1. The Assignment Must be typed and sent as a word document on Moodle NO EMAILS WILL BE ACCEPTED 2. There must be proper referencing and citation. Harvard referencing. Formatting Instructions - Font - Times New Roman, Font Size -12 - Line Spacing 1.5 - Justified - I"margin; left, right, top and bottom 3. Copying and Plagiarising will be penalised. (15 Marks) The trial balance of Jill Titan, Attorney at September 30, 20019, and the data needed for the month- end adjustments follow: a. Insurance coverage still remaining at September 30, K400. b. Supplies used during the month, K300. e. Depreciation for the month, K850. d. Accrued advertising expense at September 30, K400. (Use Accounts Payable as the liability account needed.) e. Accrued salaries at September 30, K200. f. Service revenue still unearned at September 30, K1,200. Jill Titan, Attorney Trial Balance September 30, 2019 Dr. Cr. Cash 25,500 Accounts Receivable 42,500 Prepaid Insurance Supplies Building Accumulated Depreciation, Building Accounts Payable Salary Payable Unearmed Service Revenue 4,200 700 410,900 291,600 2,900 2,600 Jill Titan, Capital Jill Titan, Withdrawals Service Revenue 184,400 3,200 9,100 Salary Expense Insurance Expense Depreciation Expense, Building Advertising Expense 2,700 900 Supplies Expense Total K490,600 K490,600 Requirements a. Prepare a l10-column worksheet (5 Marks) b. Prepare the closing entries (7.5 Marks) c. Prepare a Post-closing entry Trial Balance (2.5 Marks)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:• INSTRUCTIONS:
1.
The Assignment Must be typed and sent as a word document on Moodle
NO EMAILS WILL BE ACCEPTED
2.
There must be proper referencing and citation. Harvard referencing.
Formatting Instructions
Font - Times New Roman, Font Size -12
Line Spacing 1.5
Justified
1" margin; left, right, top and bottom
3.
Copying and Plagiarising will be penalised.
(15 Marks)
The trial balance of Jill Titan, Attorney at September 30, 20019, and the data needed for the month-
end adjustments follow:
a. Insurance coverage still remaining at September 30, K400.
b. Supplies used during the month, K300.
c. Depreciation for the month, K850.
d. Accrued advertising expense at September 30, K400. (Use Accounts Payable as the liability
account needed.)
e. Accrued salaries at September 30, K200.
f. Service revenue still unearned at September 30, K1,200.
Jill Titan, Attorney
Trial Balance
September 30, 2019
Dr.
Cr.
Cash
25,500
Accounts Receivable
Prepaid Insurance
Supplies
Building
Accumulated Depreciation, Building
42,500
4,200
700
410,900
291,600
Accounts Payable
2,900
Salary Payable
Uneamed Service Revenue
2,600
Jill Titan, Capital
184,400
Jill Titan, Withdrawals
Service Revenue
3,200
9,100
Salary Expense
Insurance Expense
Depreciation Expense, Building
Advertising Expense
Supplies Expense
2,700
900
Total
K490,600
K490,600
Requirements
a. Prepare a 10-column worksheet (5 Marks)
b. Prepare the closing entries (7.5 Marks)
c. Prepare a Post-closing entry Trial Balance (2.5 Marks)
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