2 Pass the adjusting entries from the following data the year ended on Dec 2019. i. Prepaid insurance account has a debit balance of Rs. 17,200 actual prepaid at the end is Rs. 6,200 ii. Unpaid commission Rs. 3,560 iii. Mark-up receivable on Notes Receivable Rs. 270 iv. Rent payable for the month Rs. 4,500 v. Outstanding electric expenses Rs. 2,850 vi. Supplies inventory account balance Rs. 13,500 at the end supplies consumed Rs. 11,200 vii. Advertising supplies Rs. 15,000 out of which advertising supplies consumed 9,950 viii. Mark-up expenses on Notes Payable Rs. 55 not pa

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Q# 2 Pass the adjusting entries from the following data the year ended on Dec 2019.
i. Prepaid insurance account has a debit balance of Rs. 17,200 actual prepaid at
the end is Rs. 6,200
ii. Unpaid commission Rs. 3,560
iii. Mark-up receivable on Notes Receivable Rs. 270
iv. Rent payable for the month Rs. 4,500
v. Outstanding electric expenses Rs. 2,850
vi. Supplies inventory account balance Rs. 13,500 at the end supplies consumed
Rs. 11,200
vii. Advertising supplies Rs. 15,000 out of which advertising supplies consumed
9,950
viii. Mark-up expenses on Notes Payable Rs. 55 not paid.

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