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 FIN621 ASSIGNMENT NO 1 SOLUTION

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PostSubject: FIN621 ASSIGNMENT NO 1 SOLUTION   Tue Nov 02, 2010 12:47 pm

Entry # 1
Date Description L/F Debit
Amount (Rs.) Credit
Amount (Rs.)
31-12-09 Office Supply Expense
Office Supply Prepaid
(Office Supply expense Dec-09 Adjusted) 432
432


.

Entry # 2


Date Description L/F Debit
Amount (Rs.) Credit
Amount (Rs.)
31-12-09 Depreciation Machinery
Accumulated depreciation machinery
(Depreciation on Machinery Dec-09 adjusted) 132
132



Entry # 3

Date Description L/F Debit
Amount (Rs.) Credit
Amount (Rs.)
31-12-09 Unearned Consulting Fees
Consulting Fees Income
(Adjust unearned Consulting Fees Account ) 252
252




Entry # 4

Date Description L/F Debit
Amount (Rs.) Credit
Amount (Rs.)
31-12-09 Consulting Fees Receivable
Consulting Fees Income
(Consulting Fees Receivable Dec-09 adjusted) 1020
1020



Entry # 5

Date Description L/F Debit
Amount (Rs.) Credit
Amount (Rs.)
31-12-09 Salaries Expense
Salary Payable
(Salary expense Dec-09 Adjusted) 660
660






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