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Acct 110 P5.4A p. 155-156 The Ref column is used to label your adjustment: (a), (b). (c), or (d). See textbook examples. Creative Designs Worksheet
Acct 110 P5.4A p. 155-156 The "Ref" column is used to label your adjustment: (a), (b). (c), or (d). See textbook examples. Creative Designs Worksheet Month Ended January 31, 20X1 Account Name Trial Balance Debit Credit Adjustments Debit Ref Adjusted Trial Balance Debit Credit Balance Sheet Debit Credit Ref Income Statement Debit Credit Credit Cash Accounts Receivable Supplies 73,000 27,200 19,500 Prepaid Advertising 24,800 50,400 Prepaid Rent 67,200 33, 100 Equipment Accumulated Depreciation-Equip. Accounts Payable Shayla Green, Capital Shayla Green, Drawing , Fees Income 122,000 16.000 148,200 Advertising Expense Depreciation Expense-Equipment Rent Expense Salaries Expense Supplies Expense Utilities Expense 21,400 3,800 Totals 303.300 303,300 Make sure each column shows a total. . Instructions: Complete the worksheet. Adjustment Information: (a) Supplies were purchased on January 1, 20X1. Inventory of supplies on January 31, 20X1 is $3,200. Make sure this reconciliation section is completed. (b) The prepaid advertising contract was signed on January 1, 20x1, and covers a 4-month period. (c) Rent of $4,200 expired during the month. (d) Depreciation is calculated using the straight-line method. The equipment has an useful life of 10 years with no salvage value
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