POA - Assignment 3 (Given).pdf - PRINCIPLES OF ACCOUNTING I...

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PRINCIPLES OF ACCOUNTING ICLASS EXERCISES – CHAPTER 2In the evening of January 31, 20X1 the Accountant of ABC & Co. asked one of his assistantsto extract the trial balance and keep it ready for his review next morning.Next day the assistant did not turn up. The worried Accountant while locating the trialbalance and other documents found out following trial balance.ABC & Co,Trial Balance as at January 1, 20X1DebitCreditCash$3,676Accounts Receivable2,811Supplies460Equipment3,000Accounts Payable2,066Unearned Revenue1,200D. Khan, Capital9,000D. Khan, Drawing800Service Revenue2,291Salaries Expense2,900Office Expense910$14,557$14,557He also found out some transactions which were not yet recorded in the books of accounts.The Accountant handed over the trial balance and unrecorded transactions to a juniorassistant and asked him to prepare journals, post them to the general ledger and extract trialbalance.The journals and general ledger accounts prepared by the junior assistant are reproducedbelow:GENRAL JOURNALJ99DATE

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Term
Spring
Professor
Annie Ahmed
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