The Trial Balance of the Printer Repair Company at December 31, 2012, contains the following account balances

Question:

The Trial Balance of the Printer Repair Company at December 31, 2012, contains the following account balances listed in alphabetical order to increase your skill in sorting amounts to the proper work sheet columns.

image text in transcribed

Using these account balances and the following additional information, prepare a work sheet for Printer Repair Company. Arrange the accounts in their approximate usual order.
1. Supplies on hand at December 31, 2012, have a cost of $2,400.
2. The balance in the Prepaid Insurance account represents the cost of a two-year insurance policy covering the period from January 1, 2012, through December 31, 2013.

3. The estimated lives of depreciable assets are buildings, 40 years, and equipment, 20 years. No salvage values are anticipated.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting A Business Perspective

ISBN: 9781930789791

10th Edition

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

Question Posted: