Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

25 2 points 1. Use the following information to complete the Adjustments and Adjusted Trial Balance columns of the work sheet Depreciation on equipment, $3

25 2 points 1. Use the following information to complete the Adjustments and Adjusted Trial Balance columns of the work sheet Depreciation on equipment, $3 b. Accrued salaries, 56 The $12 of unearned revenue has been earned d Supplies available at December 31, $15 e. Expired insurance. $15 2. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns, including net income References Me Graw Check my work WESTCOTT COMPANY For Year Ended December 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Ti Balance Sheet & Statement Owner's Equity Debi Credit Dabil Cred Deb Credt Debrit Credit Cred Cash Accounts receivable Supplie Prepaid insurance Equment $ 21 12 24 18 29 Accumulated depreciation-Equipment 15 Accounts payable Salanes payable " Unearned revenue W Westco Capital w westcon, Wi Services revenue 12 42 75 2 5 pints WESTCOTT COMPANY Work Sheet For Year Ended December 31 Check my work Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Account Tit Balance Sheet & Statement of Owner's Equity Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash $ 21 eBook Accounts receivable 12 Supples 24 Pr Prepaid insurance 18 Equipment 39 Accumulated depreciation-Equipment $ 15 References Accounts payable d Salaries payable Uneamed revenue W. Westcott, Capital W. Westcott, Withdrawals Services revenue 12 42 6 75 Depreciation expense-Equipment 18 Salaries x Insurance expense Supples expense Mc Utilities expense Totals Net Income Totals 12 $ 150 $ 150 Praw 2 of 8 Next >

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

Students also viewed these Accounting questions

Question

5. Describe how contexts affect listening

Answered: 1 week ago