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.
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.
Step by Step Answer:
Financial Accounting A Business Perspective
ISBN: 9781930789791
10th Edition
Authors: Jefferson Williams, Roger Hermanson, James Don Edwards