Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Adjustments and Work Sheet Showing Net Income Complete the adjustm ents for the trial balance after one month of operation for Mason's Delivery Service as

image text in transcribed

image text in transcribed

image text in transcribed

Adjustments and Work Sheet Showing Net Income Complete the adjustm ents for the trial balance after one month of operation for Mason's Delivery Service as of September 30, 20- a. Supplies inventory as of September 30, $82. b. Insurance expired (used), $674. c. Depreciation on delivery equipment, $623. d. Wages earned by employees but not paid as of September 30, $335 Required: 1. Enter the adjustments in the Adjustments columns of the work sheet. 2. Complete the work sheet. If an amount box does not require an entry, leave it blank. Mason's Delivery Service Work Sheet For Month Ended September 30, 20- Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Debit Debit Credit Accounts Receivable Supplies Prepaid insurance 1,683 959 628 1,325 6,385 very Equipment Accumulated Depreciation- Delivery Equipment Accounts Payable 1,214 Work Sheet For Month Ended September 30, 20- Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 1,683 959 628 1,125 6,385 Accounts Receivable Supplies Prepaid Insurance Delivery Equipment Accumulated Depreciation- Delivery Equipment Accounts Payable ges Payable ill Mason, Capital 1,214 8,045 ill Mason, Drawing 1,414 Delivery Fees Wages Expense 1,526 437 841 Advertising Expense Rent Expense Supplies Expense Phone Expense 156 Prepaid Insurance Delivery Equipment Accumulated Depreciation - Delivery Equipment Accounts Payable Wages Payable 1,125 6,385 1,214 Mason, Capital 8,045 Jill Mason, Drawing 1,414 Delivery Fees 6,203 Wages Expense 1,526 437 841 Advertising Expense Rent Expense Supplies Expense Phone Expense 156 Insurance Expense Repair Expense 219 Oil and Gas Expense 89 Depreciation Expense Delivery Equipment 15,462 15,462 Net Income

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

More Books

Students also viewed these Accounting questions

Question

Identify the motives that fuel prejudice.

Answered: 1 week ago