Reference no: EM133148759

Question - Alpha company closes its books every year on December 31. On analysis of accounts reveals the following:

1- On physical count on December 31, reveals that the office supplies in hand is $1,100.

2- Company paid $300 for 12-month insurance on July 1, 2021.

3- Company purchased furniture on January 1, 2021, for $12,600. Company policy to amortize furniture in 5 years using straight line method with zero salvage value.

4- Company purchased computer equipment for $6,300 on July 1, 2021. Company uses straight line method for amortization of computer equipment. The estimated life for the computer equipment is 3 years with no salvage value.

5- Unearned consulting revenue as of December 31, 2021, is $6,000.

6- Salary expenses for new staff joined on December 1, 2021, not recorded amounting to $500.

7- December utility bill amounting to $100 received on January 3, 2022, not recorded in books.

Required -

1- Post adjustments in work sheet provided with entry reference.

2- Prepare adjusted trial balance in the work sheet provided.