VEGO COMPANY TRIAL BALANCE December 31,2019 DEBIT CREDIT Cash Accounts receivable Office Supplies Equipment Accounts Payable 80,000 35,000 22,000 60,000 15,000 30,000 129,000 Unearned Revenue Capital...

Extracted text: VEGO COMPANY TRIAL BALANCE December 31,2019 DEBIT CREDIT Cash Accounts receivable Office Supplies Equipment Accounts Payable 80,000 35,000 22,000 60,000 15,000 30,000 129,000 Unearned Revenue Capital Stock Dividend Retain Earning 10,000 11,000 75,000 Service Revenue Salary Expense Misc expense 35,000 18,000 260,000 260,000 Additional information 1. Accrued but unpaid employee salaries were Rs.6,000 at December 31, 2019. 2. Revenue unearned at December 31, 2019 was Rs.11,000. 3. Service provided to customers but unbilled at December 31, 2019 was Rs.26,000. 4. Depreciation of equipment for the year Rs.2,500. 5. Office Supplies on hand at December 31, 2019 was Rs.7,000. Required a. List down the steps involved in Accounting Cycle. b. Prepare Adjusting Entries for the year ended 31 December 2019. c. Posting of adjusting entries to their respective T-accounts. d. Prepare an adjusted Trial Balance. e. Prepare Income Statement. Statement of Retain Earning for the year ended 31 Dec 2019 and Balance Sheet as at 31 Dec 2019. |