BBA (Hon's) Accounting Adjusting Journal

 BBA অনার্স হিসাববিজ্ঞান / ব্যবস্থাপনা /  মার্কেটিং ও ফিন্যান্স বিভাগের জন্য 

হিসাববিজ্ঞান বিষয় এর Adjusting Journal 

Problem 46:

NU. BBA (Hons) Ace-2018

Mr. Raja started a business on July 1, 2017 in the name 'Raja mobile servicing. The balance of his various accounts on July 31 are as follows:

        Prepaid insurance 30,000

        Office equipment 2,80,000

        Notes payable 2,00,000

        Unearned revenue 42,000

        Service revenue 18,000

        Supplies 10,000

Analysis reveals the following additional data:

(1) insurance paid for two years effective from July 1, 2017.

(ii) Depreciation of office equipment Tk. 12,000 p.a.

(iii) The Notes payable is 10% 6 months note effective from July 1, 2017.

(iv) Unearned revenue is for 6 months starting from July 1, 2017.

(v) Service provided, but unbilled Tk. 12,000.

(vi) On July 31, unused supplies shows Tk 1,000.

Required: Journalize the adjusting entries on July 31, 2017.