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Appendix 1: Adjustment Data on an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services
Appendix 1: Adjustment Data on an End-of-Period Spreadsheet
Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services has been prepared on the following end-of-period spreadsheet for the year ended October 31, 20Y3:
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y3 | |||||||||||||
Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | |||||||||||
Account Title | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |||||||
Cash | 81 | ||||||||||||
Accounts Receivable | 216 | ||||||||||||
Supplies | 22 | ||||||||||||
Prepaid Insurance | 32 | ||||||||||||
Land | 270 | ||||||||||||
Equipment | 108 | ||||||||||||
Accum. Depr.Equipment | 11 | ||||||||||||
Accounts Payable | 97 | ||||||||||||
Wages Payable | 0 | ||||||||||||
Common Stock | 160 | ||||||||||||
Retained Earnings | 347 | ||||||||||||
Dividends | 22 | ||||||||||||
Fees Earned | 243 | ||||||||||||
Wages Expense | 54 | ||||||||||||
Rent Expense | 32 | ||||||||||||
Insurance Expense | 0 | ||||||||||||
Utilities Expense | 16 | ||||||||||||
Supplies Expense | 0 | ||||||||||||
Depreciation ExpenseEquip. | 0 | ||||||||||||
Miscellaneous Expense | 5 | ||||||||||||
858 | 858 |
The data for year-end adjustments are as follows:
- Fees earned, but not yet billed, $22.
- Supplies on hand, $11.
- Insurance premiums expired, $27.
- Depreciation expense, $11.
- Wages accrued, but not paid, $11.
Enter the adjustment data, and place the balances in the Adjusted Trial Balance columns. If a box does not require an entry, leave it blank. Enter all amounts as positive numbers.
Alert Security Services Co. | ||||||
End-of-Period Spreadsheet (Work Sheet) | ||||||
For the Year Ended October 31, 20Y3 | ||||||
Account Title | Unadjusted Trial Balance Debit | Unadjusted Trial Balance Credit | Adjustments - Debit | Adjustments - Credit | Adjusted Trial Balance Debit | Adjusted Trial Balance Credit |
Cash | 81 | |||||
Accounts Receivable | 216 | |||||
Supplies | 22 | |||||
Prepaid Insurance | 32 | |||||
Land | 270 | |||||
Equipment | 108 | |||||
Accum. Depr.Equipment | 11 | |||||
Accounts Payable | 97 | |||||
Wages Payable | 0 | |||||
Common Stock | 160 | |||||
Retained Earnings | 347 | |||||
Dividends | 22 | |||||
Fees Earned | 243 | |||||
Wages Expense | 54 | |||||
Rent Expense | 32 | |||||
Insurance Expense | 0 | |||||
Utilities Expense | 16 | |||||
Supplies Expense | 0 | |||||
Depreciation ExpenseEquip. | 0 | |||||
Miscellaneous Expense | 5 | |||||
Totals | 858 | 858 |
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