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9. The unadjusted trial balance of E. Pace, Consulting is entered on the partial work sheet below. Complete the work sheet (Ch. 4) using the
9. The unadjusted trial balance of E. Pace, Consulting is entered on the partial work sheet below. Complete the work sheet (Ch. 4) using the following information for adjusting entries: (24 points) (a) Salaries earned by employees that are unpaid and unrecorded, $500. (b) An inventory of supplies showed $800 of unused supplies still on hand. (c) Depreciation on equipment, $1,300. E. Pace, Consulting Work Sheet For the year ended December 31 Balance Sheet Adjusted Trial Income and Statement of Unadjusted Trial Account Adjustments Balance Statement Owner's Equity Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Balance Cash1 Supplies.. Equipment. Accum. Depr.-Equip. Accounts payable... Salaries payable .. 14,000 1,000 11,000 $ 2000 500 300 E. Pacc, Withdrawals30,000 Fees eaned. Salary expense Rent expense... 1,500 7,500 4,000 Depreciation expense $39,000 $39,000
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