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a) Prepare a Worksheet for the question below Credit Sayed to Trial Balance April 30, 20 Acc No. 100 110 150 160 200 220 300
a) Prepare a Worksheet for the question below Credit Sayed to Trial Balance April 30, 20 Acc No. 100 110 150 160 200 220 300 310 400 500 Debit 52000 4 200 24 000 8.200 Account Cash Accounts Receivable Van Equipment Accounts Payable Loan Payable Sayed Tara, Capital Sayed Tara, Drawings Sales Salaries Expense Van Expense General Expense Interest Expense Advertising Expense 52 500 19 000 14 500 2.500 8000 501 502 503 504 1 200 100 800 110 890 $44 000 544000 b) Make changes to the following two accounts: You have an additional Advertising Expense of $6000 To balance this, you added $6000 to your Bank Loan to pay for the advertising expense. c) Adjust the values on your worksheet. Explain what happens on your worksheet to reflect these changes? What happens to all of the Totals? d) Before making any changes to where your numbers are, what was the main reason for the numbers not balancing? How does this change affect where you place Net Income on your Worksheet? Explain why this matters. a) Prepare a Worksheet for the question below Credit Sayed to Trial Balance April 30, 20 Acc No. 100 110 150 160 200 220 300 310 400 500 Debit 52000 4 200 24 000 8.200 Account Cash Accounts Receivable Van Equipment Accounts Payable Loan Payable Sayed Tara, Capital Sayed Tara, Drawings Sales Salaries Expense Van Expense General Expense Interest Expense Advertising Expense 52 500 19 000 14 500 2.500 8000 501 502 503 504 1 200 100 800 110 890 $44 000 544000 b) Make changes to the following two accounts: You have an additional Advertising Expense of $6000 To balance this, you added $6000 to your Bank Loan to pay for the advertising expense. c) Adjust the values on your worksheet. Explain what happens on your worksheet to reflect these changes? What happens to all of the Totals? d) Before making any changes to where your numbers are, what was the main reason for the numbers not balancing? How does this change affect where you place Net Income on your Worksheet? Explain why this matters
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