Noor started her business on June 1, 2020. Noor Trial Balance August 31, 2020 SL Particulars 1 Cash Supplies Prepaid Insurance Debit Credit 55,600 2 16,300 3 16,000 4 Land 22,000 5 Cottages 5,000 Furniture 26,000 7 Account Payable 16,500 Unearned Rent Mortgage Payable 10 Capital 8 10,400 10,000 70,000 Drawing 12 11 5,000 Rent Revenue 57,000 13 Repair Expense 14 Salaries Expense 15 Utility Expense ТОTAL 3,600 5,000 9,400 163.900 163.900 Other information: (1) End of August 31 the balance of prepaid insurance is Tk. 1600 (2) Supplies used during the period Tk. 800 (3) Furniture has 6 years life with no salvage value and cost is Tk 26000 [formula: Depreciation = (cost - salvage value) / lifetime] (4) Balance of unearned revenue is 700 at the end of August 31. (5) Salary expense is accrued Tk 9000 (not yet paid)

Noor started her business on June 1, 2020. Noor Trial Balance August 31, 2020 SL Particulars 1 Cash Supplies Prepaid Insurance Debit Credit 55,600 2 16,300 3 16,000 4 Land 22,000 5 Cottages 5,000 Furniture 26,000 7 Account Payable 16,500 Unearned Rent Mortgage Payable 10 Capital 8 10,400 10,000 70,000 Drawing 12 11 5,000 Rent Revenue 57,000 13 Repair Expense 14 Salaries Expense 15 Utility Expense ТОTAL 3,600 5,000 9,400 163.900 163.900 Other information: (1) End of August 31 the balance of prepaid insurance is Tk. 1600 (2) Supplies used during the period Tk. 800 (3) Furniture has 6 years life with no salvage value and cost is Tk 26000 [formula: Depreciation = (cost - salvage value) / lifetime] (4) Balance of unearned revenue is 700 at the end of August 31. (5) Salary expense is accrued Tk 9000 (not yet paid)

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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