The trial balance of the Rowland Company as of September 30, P.O. 3 after the company has completed the first month of operations, is shown here.

Instructions 1. Record the trial balance in the Trial Balance columns of the work sheet.
2. Record the letters or abbreviations standing for the account classifications (A, Draw., E, etc.) at the top of each column of the work sheet (as shown in Figure 4-4 on pages 130 and 131).
3. Complete the work sheet by making the following adjustments: depreciation expense of office equipment, $114; accrued salaries, $122.

Transcribed Image Text:

Rowland Company Trial Balance September 30, 19- ACCOUNT NAME DEBIT CREDIT Cash Accounts Receivable Office Equipment Accounts Payable C. Rowland, Capital C. Rowland, Drawing Commissions Earned Salary Expense Rent Expense 382700 621400 482000 764 00 1213800 140000 4670 00 90000 25000 Advertising Expense 9500 Utilities Expense 4000 Miscellaneous Expense 2600 175 7200 1757 200