From the following trial balance and additional data, complete the work- sheet for Gwendolyns Archery Sales Company
Question:
GWENDOLYNS ARCHERY SALES COMPANY
TRIAL BALANCE
APRIL 30, 2013
Additional Data
a. and b. Ending merchandise inventory on April 30, 2013, $26,407.30
c. Supplies on hand at end of April, $412.68
d. A calculation showed that $531.40 of prepaid insurance was the correct amount at year end.
e. Amortization expense on equipment for the year ending April 30, 2013, was calculated using the straight-line method, seven-year life with a residual value of $450.
f. Utilities bill received $110, plus GST of $5.50
g. At year-end, employees had worked but not been paid for a total of 120 hours at an average of $14 per hour.
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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