FIN621 Assignment No.1

Semester “FALL 2010”

Assignment No. 01

Marks: 20

Shown below are the Trial Balance and Adjusted Trial Balance of the New Star Services owned by Mr. Nasir for the month ended December 31, 2009. Requirements: A. You are required to compare the two Trial Balances given above and prepare the adjusted journal entries that cause the changes in account balances. B. You are also required to include an explanation (narration) as part of each adjusting entry.