Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9. The unadjusted trial balance of Barber Housekeeping Service is entered on the partial work sheet below. Required: Complete the work sheet using the following

image text in transcribed
image text in transcribed
9. The unadjusted trial balance of Barber Housekeeping Service is entered on the partial work sheet below. Required: Complete the work sheet using the following information: (a) Salaries earned by employees that are unpaid and unrecorded, $5,000. (b) An inventory of supplies showed $3,000 of unused supplies still on hand. (c) Depreciation on automobiles, $30,000. (d) Advertising for November and December in the amount of $8,000 remains unpaid and unrecorded. Barber Housekeeping Service Work Sheet For the year ended December 31 Adjustments Adjusted Trial Balance Account Income Statement Unadjusted Trial Ballance Balance Sheet and Statement of Owner's Equity Debit Credit Credit Debit Credit Debit Credit Debit Credit Debit 50,000 10,000 8,000 160,000 55,000 37,000 Cash Accounts Receivable Supplies Automobiles Accum. Depr. - Autos Accounts payable Salaries payable C. Barber, Capital C. Barber Withdrawals Fees earned Salary expense Supplies expense Depreciation expense Totals 55,000 45,000 275,400 125,000 24,400 422,400 422,400 10. The unadjusted trial balance of Rapido Delivery is entered on the partial work sheet below. Complete the work sheet using the following information: (a) Salaries earned by employees that are unpaid and unrecorded, $5,000. (b) An inventory of supplies showed $1,000 of unused supplies still on hand. (c) Depreciation on delivery vans, $24,000. (d) Services paid in advance by customers of $10,000 have now been provided to customers. Rapido Delivery Work Sheet For the year ended December 31 Adjustments Adjusted Trial Balance Income Statement Account Unadjusted Trial Ballance Balance Sheet and Statement of Owner's Equity Debit Credit Credit Debit Credit Debit Credit Debit Credit Debit 70,000 10,000 3,000 120,000 48,000 15,000 20,000 Cash Accounts Receivable Supplies Delivery Vans Accum. Depr. - Vans Accounts payable Unearned fees Salaries payable B.Rapid, Capital B. Rapid, Withdrawals Fees earned Salary expense Rent expense Supplies expense Depreciation expense Totals 55,000 50,000 320,000 177,000 28,000 458,000 458000

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

British And German Banking Strategies

Authors: S. Janssen

1st Edition

0230220487, 9780230220485

More Books

Students also viewed these Accounting questions

Question

What is a process and process table?

Answered: 1 week ago

Question

What is Industrial Economics and Theory of Firm?

Answered: 1 week ago

Question

What is the meaning and definition of E-Business?

Answered: 1 week ago