The following data are taken from the unadjusted trial balance of the Westcott Company at December 31,
Question:
1. Use the data above to prepare a worksheet. Enter the accounts in proper order and enter their balances in the correct debit or credit column.
2. Use the following adjustment information to complete the worksheet.
a. Depreciation on equipment, $3
b. Accrued salaries, $6
c. The $12 of unearned revenue has been earned
d. Supplies available at December 31, 2013, $15
e. Expired insurance,$15
Accounts Payable Accounts Receivable.. Accumulated Depreciation -Equip5 Salaries Expense Cash.4-.... Equipment $6 Prepaid Insurance $18 W Westcott, Withdrawals6 . . . 75 Unearned Revenue . 12 18 Utilities Expense ······.. . . 12 2 Revenue Te 21 Supplles.. 24 39 W Westcott, Capital.42
Step by Step Answer:
WEstcott company December 31 2013 Unadjusted Trial Balance ...View the full answer
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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