Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

0 Complete the year-end Balance columns of the work sheet. 4 points) Jan Olsen is a lawyer specializing in estate law. A trial balance was

image text in transcribed
0 Complete the year-end Balance columns of the work sheet. 4 points) Jan Olsen is a lawyer specializing in estate law. A trial balance was taken on December 31, usting entries and extend the appropriate balances to the Adjusted Trial entries Office s ExPlies on hand at year-end amounted to $650. Expired insurance amounted to $900. c. ion on the computer equipment, $1,150. Wages earned but not paid as of December 31, $1,230. Jan Olsen, Attorney Work Sheet (partial) For Year Ended December 31,20- Adjusted Trial Trial Balance Account Title ebit CreditDebitCreditsbit Credit Cash Accounts Receivable Office Supplies 1,000 Prepaid Insurance Computer Equipment Accum. Depr.- Comp. Equip. Accounts Payable Wages Payable J. Olsen, Capital J. Olsen, Drawing Client Fees Rent Expense Wages Expense 14,000 Telephone Expense Office Supplies Expense Insurance Expense 15,000 8,750 1,400 " 27,300 11,550 230 28,000 2,800 40,000 6,000 123D 1,100 350 aoo Depr. Exp- 115D Comp. Equip. 2200 Utilities Expense 2340 3 79,550 29.550 00020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizational Auditing And Assurance In The Digital Age

Authors: Rui Pedro Marques, Carlos Santos, Helena InĂ¡cio

1st Edition

1522573569, 978-1522573562

More Books

Students also viewed these Accounting questions

Question

Identify three ways to manage an intergenerational workforce.

Answered: 1 week ago

Question

Prepare a Porters Five Forces analysis.

Answered: 1 week ago

Question

Analyze the impact of mergers and acquisitions on employees.

Answered: 1 week ago