Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the...
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Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet. (1) (2) (3) (4) (5) Cash Unbilled and uncollected revenue for services performed at July 31 were $2,800. Depreciation on equipment for the month was $500. One-twelfth of the insurance expired. An inventory count shows $700 of cleaning supplies on hand at July 31. Accrued but unpaid employee salaries were $1,050. Account Titles Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Common Stock Dividends Service Revenue Gasoline Expense Salaries and Wages Expense Totals Depreciation Expense Accum. Depr.-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals Dr. Trial Balance Cr. Dr. Adjustmen Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet. (1) (2) (3) (4) (5) Cash Unbilled and uncollected revenue for services performed at July 31 were $2,800. Depreciation on equipment for the month was $500. One-twelfth of the insurance expired. An inventory count shows $700 of cleaning supplies on hand at July 31. Accrued but unpaid employee salaries were $1,050. Account Titles Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Common Stock Dividends Service Revenue Gasoline Expense Salaries and Wages Expense Totals Depreciation Expense Accum. Depr.-Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals Dr. Trial Balance Cr. Dr. Adjustmen
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Answer rating: 100% (QA)
Trial Balance and Adjustments Trial Balance Account Titles Debit Credit Cash 11000 Accounts Receivable 18000 Supplies 1500 Prepaid Insurance 2400 Equi... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Posted Date:
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