The following is an adjusted trial balance of Clean Fresh Laundry Centre owned by En. Faizalon December 31, 2022.Clean Fresh Laundry CentreAdjusted trial balance on 31 December 2022b)c)CashAccount receivableSuppliesPrepaid advertisingBuildingsAccumulated depreciation - buildingsAccount payableUnearned service revenueCapital, FaizalDrawingsService revenueSalary expensesBuilding repair expensesEquipment maintenance expensesUtility expensesAdvertising expensesSupply expensesDepreciation expensesDebit RM) Credit (RM)22,4304,8544,70949529,3703,30015,6755,7758,8006,1933,9054,8405,500115,8466,9303,8503,31119,69582,060115,846Required:a)Explain the difference between temporary and permanent accounts, and provide TWO(2) appropriate examples.Prepare related closing entries to close the account on 31 December 2022.Prepare Post-closing trial for Clean Fresh Laundry Centre on 31 December 2022. Mazli opened a business repairing electrical and electronic equipment on 1 August 2021. Thebusiness is registered under the name MZ Enterprise. An accounting clerk appointed duringthe business establishment draws up the business accounting records. The following are theadjusted account balances provided by the accounting clerk as of 31 July 2022.RMCashAccount receivablePrepaid insuranceSuppliesEquipmentAccumulated depreciation - equipmentAccount payableUnearned service revenuea)b)c)d)Utility payableSalaries payableInterest payableNotes payableCapital, MazliDrawingsService RevenueSalary expensesSupplies expensesInterest expensesUtility expenses11,77510,0002,7001,95022,5001,1252,2501,5002252,2501504,50033,0003,50021,0008,2501,275150225Insurance expensesDepreciation expensesRental expensesAdditional information:Notes payable are made in December 2021 and have a maturity of 18 months.1,0501,1251,500Required:Refers to the adjusted balances of accounts above,Prepare the Income Statement of MZ Enterprise for the year ended 31 July 2022.Prepare the Classified Balance Sheet of MZ Enterprise on 31 July 2022.Prepare related closing entriesPost-Closing Trial Balance of MZ Enterprise.

Hi student Since there are multiple questions, we will answer only first question. Closing entries…

The following is an adjusted trial balance of Clean Fresh Laundry Centre owned by En. Faizal on December 31, 2022. Clean Fresh Laundry Centre Adjusted trial balance on 31 December 2022 Cash Account receivable Supplies Prepaid advertising Buildings Accumulated depreciation - buildings Account payable Unearned service revenue Capital, Faizal Drawings Service revenue Salary expenses Building repair expenses Equipment maintenance expenses Utility expenses Advertising expenses Supply expenses Depreciation expenses Debit RM) Credit (RM) 22,430 4,854 4,709 495 29,370 3,300 15,675 5,775 8,800 6,193 3,905 4,840 5,500 115,846 6,930 3,850 3,311 19,695 82,060 115,846 Required: a) Explain the difference between temporary and permanent accounts, and provide TWO (2) appropriate examples. b) Prepare related closing entries to close the account on 31 December 2022. c) Prepare Post-closing trial for Clean Fresh Laundry Centre on 31 December 2022.

The following is an adjusted trial balance of Clean Fresh Laundry Centre owned by En. Faizal on December 31, 2022. Clean Fresh Laundry Centre Adjusted trial balance on 31 December 2022 Cash Account receivable Supplies Prepaid advertising Buildings Accumulated depreciation - buildings Account payable Unearned service revenue Capital, Faizal Drawings Service revenue Salary expenses Building repair expenses Equipment maintenance expenses Utility expenses Advertising expenses Supply expenses Depreciation expenses Debit RM) Credit (RM) 22,430 4,854 4,709 495 29,370 3,300 15,675 5,775 8,800 6,193 3,905 4,840 5,500 115,846 6,930 3,850 3,311 19,695 82,060 115,846 Required: a) Explain the difference between temporary and permanent accounts, and provide TWO (2) appropriate examples. b) Prepare related closing entries to close the account on 31 December 2022. c) Prepare Post-closing trial for Clean Fresh Laundry Centre on 31 December 2022.

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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what accounts are needed to be adjusted in this unadjusted trial balance, and try to adjust it
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