Ten-Column Work Sheet (Appendix)

The following unadjusted trial balance is available for Ace Consulting Inc. on June 30, 2008:

Required 1. Enter the unadjusted trial balance in the first two columns of a ten-column work sheet.
2. Enter the necessary adjustments in the appropriate columns of the work sheet for each of the following:

a. Wages and salaries earned by employees at the end of June but not yet paid amount to $2,380.

b. Supplies on hand at the end of June amount to $550.

c. Depreciation on furniture and fixtures for June is $375.

d. Ace prepays the rent on its office space on June 1 of each year. The rent amounts to $400 per month.

e. Consulting services rendered and billed for which cash has not yet been received amount to $4,600.
3. Complete the remaining columns of the work sheet.

Transcribed Image Text:

Ace Consulting Inc. Unadjusted Trial Balance June 30, 2008 Cash $ 6,320 Accounts Receivable 14,600 Supplies on Hand 800 Prepaid Rent 4,800 Furniture and Fixtures 18,000 Accumulated Depreciation $ 5,625 Accounts Payable 5,200 Capital Stock 10,000 Retained Earnings 17,955 Consulting Revenue 12,340 Utilities Expense 4,100 Wage and Salary Expense 2,500 Totals $51,120 $51,120