NAME: ABDUL HADI

REGISTRATION NO: 13002

ASSIGNMENT: Adjusting Entries (28.9 to 28.13)

COURSE: ACCOUNTING FOR MANAGERS (012006001)

SEMISTER: SUMMER

PROGRAM: MBA (WEEKEND)

.13)

RS (012006001)
 Adjusting Entries

31 August 20X8
Dr Cr
(a) Closing Stock
Balance Sheet (Current Asset) 9,100
Income Statement (COGS) 9,100

(b) Accured/Accural/Outstanding/Owing/Payable
Rent Expense 400
Rent Payable 400

( c) Prepaid/Prepayment/Advance
Prepaid Bussiness Rate 300
Bussiness Rate Expense 300

(d) Depreciation
Depreciation Expense (Motor Vehicle) 1,800
Accumulated For Depreciation 1,800
 Adjusting Entries
J Wright
31 March 20X9
Dr Cr
(a) Closing Stock
Balance Sheet (Current Asset) 6,805
Income Statement (COGS) 6,805

(b) Accured/Accural/Outstanding/Owing/Payable
Wages & Salaries Expense 3,500
Wages & Salaries Payable 3,500

(b) Accured/Accural/Outstanding/Owing/Payable
Office Expense 16
Office Payable 16
(c ) Prepaid/Prepayment/Advance
Prepaid Rent 600
Rent Expense 600

(d) Provision For Doubtful Debts

Provision for doubtful debts Expense 110
Provision for doubtful Debt 110

(e ) Depreciation
Depreciation Expense (Fixtures & Fittings) 190
Accumulated For Depreciation 190

( e) Depreciation
Depreciation Expense (Van) 1,400
Accumulated For Depreciation 1,400
 Adjusting Entries
John Brown

as at 31 December 20X7
Dr Cr
(i) Closing Stock
Balance Sheet (Current Asset) 120,000
Income Statement (COGS) 120,000

(ii) Accured/Accural/Outstanding/Owing/Payable
Wages Expense 5,000
Wages Payable 5,000

(iii) Prepaid/Prepayment/Advance
Prepaid Rates 500
Rate Expense 500

(iv) Provision For Doubtful Debts

Provision for doubtful debts Expense 980
Provision for doubtful Debt 980

(v) Accured/Accural/Outstanding/Owing/Payable
Telephone Expense 220
Telephone Payable 220

(vi) Depreciation
Depreciation Expense (Shop Fittings) 4,000
Accumulated For Depreciation 4,000

(vi) Depreciation
Depreciation Expense (Van) 6,000
Accumulated For Depreciation 6,000
 Adjusting Entries
Mr Yousef
as at 31 May 20X6
Dr Cr
(a) Accured/Accural/Outstanding/Owing/Payable
Rent Expense 210
Rent Payable 210

(b) Prepaid/Prepayment/Advance
Prepaid Rates 880
Rate Expense 880

(c ) Accured/Accural/Outstanding/Owing/Payable
Carraiage Inward Expense 2,933
Carriage outward Payable 2,211
Carriage Payable 5,144

(d) Depreciation
Depreciation Expense (Equipments) 5,850
Accumulated For Depreciation 5,850

€ Provision For Doubtful Debts

Provision for doubtful debts Expense 40
Provision for doubtful Debt 40

(f) Closing Stock

Balance Sheet (Current Asset) 13,551
Income Statement (COGS) 13,551
 Adjusting Entries

Mr Chai
as at 30 April 20X7
Dr Cr
(a) Closing Stock 17,750
Balance Sheet (Current Asset) 17,750
Income Statement (COGS)

(b) Prepaid/Prepayment/Advance
Prepaid Insurance 1,120
Insurance Expense 1,120

(c) Accured/Accural/Outstanding/Owing/Payable 1,360

Heating & lighting Expense 1,360
Heating & lighting Payable

(d) Prepaid/Prepayment/Advance
Prepaid Rates 5,435
Rates Expense 5,435

(e ) Provision For Doubtful Debts

Provision for doubtful debts Expense 735
Provision for doubtful Debt 735