K. The account balances appearing on the trial balance (below) were taken from the general ledger...
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K. The account balances appearing on the trial balance (below) were taken from the general ledger of Speedy Copy Shop at September 30. Additional information for the month of September which has not yet been recorded in the accounts is as follows: a) b) c) d) A physical count of supplies indicates $500 on hand at September 30. The amount of insurance that expired in the month of September was $400. Depreciation on equipment for September was $600. Rent owed on the copy shop for the month of September was $750 but will not be paid until October, Jsing the above information, complete the worksheet on the following page for Speedy Copy Shop for the month of September. Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 3,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Notes Payable 1,500 2,400 24,000 4,800 2,400 4,000 Owner's Capital 15,600 Owner's Drawings 2,200 Service Revenue 6,700 Utilities Expense 400 Totals 33,500 33,500 Suplies Expense Insurance Expense Depreciation Expense Rent Expense Rent Payable Totals Net Income Totals K. The account balances appearing on the trial balance (below) were taken from the general ledger of Speedy Copy Shop at September 30. Additional information for the month of September which has not yet been recorded in the accounts is as follows: a) b) c) d) A physical count of supplies indicates $500 on hand at September 30. The amount of insurance that expired in the month of September was $400. Depreciation on equipment for September was $600. Rent owed on the copy shop for the month of September was $750 but will not be paid until October, Jsing the above information, complete the worksheet on the following page for Speedy Copy Shop for the month of September. Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 3,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Notes Payable 1,500 2,400 24,000 4,800 2,400 4,000 Owner's Capital 15,600 Owner's Drawings 2,200 Service Revenue 6,700 Utilities Expense 400 Totals 33,500 33,500 Suplies Expense Insurance Expense Depreciation Expense Rent Expense Rent Payable Totals Net Income Totals
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