1 CUILIUL ACL 114 S001 1202 Part 2 - 2020 Spring Term https://bbhosted.cuny.edu/bbcswebdav/pid 45889408 3. Michael Pevnick began operations as a private investigator on January 1, 2019. The trial balance columns of the worksheet for Michael Pevnick, P.1. at March 31 are as follows. Trial Balance Accounts Titles Dr. 11,400 5,620 1,050 2,400 30,000 Cash Accounts Recevable Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Owners Capital Owners Drawings Service Revenue Salaries and Wages Expense Travel Expense Rent Expense Miscellaneous Expense 10,000 12,350 20,000 600 13,620 2,200 1,300 1,200 200 55,970 23 55,970 Other data: 1. Supplies on hand total $480. 2. Depreciation $800 per quarter: 3. Interest accrued on 6-month note payable, issued January 1, $300 4. Insurance expires at the rate of $200 per month 5. Services performed but unbilled at March 31 total $1,030. Instructions a) Enter the trial balance on a worksheet and complete the worksheet b) Prepare an income statement and owner's equity statement for the quarter and a classified balance sheet at March 31. M. Pevnick did not make any additional investment in the business during the quarter ended March 31, 2019. Toumalize the adjusting entries from the adjustments columns of the worksheet. 03200170000W MacBook Pro *** L_114_3001_1202_1/SCANOOO2.PDF A nment Mid Term Part 2 2020 Spring Term https://bbhosted.cuny.edu/bbcswebdav/pid-4581940-et-content-id-1724521 Cash 3. Michal Mevnick began operations as a private investigator on January 1, 2019. The trial balance columns of the worksheet for Michael Pevnick, PJ. at March 31 are as follows Trial Balance Accounts Titles 11.400 Accounts Receivable 5,620 Supple 1,050 Prep insurance 2.400 Equipment 30.000 Notes Payable 13. Accounts Payable 12350 Owners Capital 22000 Owners Drawings Service Revenue 13,620 Solares ord Wages Expans Travel Fxpense 1.300 went wense 1.200 Miscellaneous Expense 55,970 2,200 Other data 1 Supolles on hand total 5480 2 Deprecaton S800 per quarter: 3. Interest accrued on 6-onth note payable, issued ory 1.900 4. Insurance capires at the role of $200 per month. 5 Services perfomed brun led Mrs 1 total 51,030. Instructions .) Enter the trial balance on a worksheet and complete the worksheet b) Prepare an income statement and owner's equity statement for the quarter and child w sheelal March 11. M. Pewnic dic not make any converents the business during the carteranded March 31, 2019 ournalize the dusting entries from the adjust columns of the worksheet VALOALS BOOOOOOXTWO 1 CUILIUL ACL 114 S001 1202 Part 2 - 2020 Spring Term https://bbhosted.cuny.edu/bbcswebdav/pid 45889408 3. Michael Pevnick began operations as a private investigator on January 1, 2019. The trial balance columns of the worksheet for Michael Pevnick, P.1. at March 31 are as follows. Trial Balance Accounts Titles Dr. 11,400 5,620 1,050 2,400 30,000 Cash Accounts Recevable Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable Owners Capital Owners Drawings Service Revenue Salaries and Wages Expense Travel Expense Rent Expense Miscellaneous Expense 10,000 12,350 20,000 600 13,620 2,200 1,300 1,200 200 55,970 23 55,970 Other data: 1. Supplies on hand total $480. 2. Depreciation $800 per quarter: 3. Interest accrued on 6-month note payable, issued January 1, $300 4. Insurance expires at the rate of $200 per month 5. Services performed but unbilled at March 31 total $1,030. Instructions a) Enter the trial balance on a worksheet and complete the worksheet b) Prepare an income statement and owner's equity statement for the quarter and a classified balance sheet at March 31. M. Pevnick did not make any additional investment in the business during the quarter ended March 31, 2019. Toumalize the adjusting entries from the adjustments columns of the worksheet. 03200170000W MacBook Pro *** L_114_3001_1202_1/SCANOOO2.PDF A nment Mid Term Part 2 2020 Spring Term https://bbhosted.cuny.edu/bbcswebdav/pid-4581940-et-content-id-1724521 Cash 3. Michal Mevnick began operations as a private investigator on January 1, 2019. The trial balance columns of the worksheet for Michael Pevnick, PJ. at March 31 are as follows Trial Balance Accounts Titles 11.400 Accounts Receivable 5,620 Supple 1,050 Prep insurance 2.400 Equipment 30.000 Notes Payable 13. Accounts Payable 12350 Owners Capital 22000 Owners Drawings Service Revenue 13,620 Solares ord Wages Expans Travel Fxpense 1.300 went wense 1.200 Miscellaneous Expense 55,970 2,200 Other data 1 Supolles on hand total 5480 2 Deprecaton S800 per quarter: 3. Interest accrued on 6-onth note payable, issued ory 1.900 4. Insurance capires at the role of $200 per month. 5 Services perfomed brun led Mrs 1 total 51,030. Instructions .) Enter the trial balance on a worksheet and complete the worksheet b) Prepare an income statement and owner's equity statement for the quarter and child w sheelal March 11. M. Pewnic dic not make any converents the business during the carteranded March 31, 2019 ournalize the dusting entries from the adjust columns of the worksheet VALOALS BOOOOOOXTWO