Coc based project

The following trial balance of xyz company as December 1,2013 that doesn’t indicated balance but have reason for balance

Acc description. Debt Credit

Cash. 3752

Account receivable. 5688

Supplies. 1457

Prepaid insurance. 100

Equipment. 14600

Note payable. 13000

Account payable. 2960

Xyz capital. 10042

Xyz drawing. 3500

Sales. 38200

Wage expense. 21400

Rent expense. 4500

Advertising expense. 200

Utility expense. 900

Total. 56092. 64202

Additional information for trial balance

1.
The balance of cash was over it asset by amount of 1000 from the transaction

2.
The cash receipt of 210 was posted debt amount cash 120

3.
Debt of 2000 for withdrawal by amount was posted credit capital account

4.
The balance of 1200 advertising was entered as 200 in the trial balance

5.
Debt of 450 to account receivable was not posted

6.
A return of 310 defective supplies was recorded incorrectly 130 as credit

7.
The balance of note payable was over stated by amount of 3000

8.
An insurance policy acquired by a cost of 200 that was posted credit

9.
Miscellaneous expense with balance of 1060 was omitted from trial balance

10.
Credit of 710 account payable was over 100k by company trial balance

11.
Debt amount of 650 to account receivable was posted correctly but not posted subsidiary ledger of customer account

N.B Adjusting entries

Inventory of supplies on dec 31,2013

Show 277 due to the transaction

Supplies exp…..:…..1000

Supplies………………1000

Insurance expired amount of 350

Insurance exp………..350

Prepaid insurance……..350

Doubt full account for the period is 2% of the account receivable 6133* 0.02= 122.60

Doubt full account……122.66

Allowance for doubt full…….122.66

Task 1.prepare adjusted T balance

Task 2 record the journal entries

Task 3.:prepare income statement

:Balance sheet

=> income statement…..7667.34

=> balance sheet…….23879.34

=> owner equity…….10209.34