Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Appendix: 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 Co.

image text in transcribed
image text in transcribed
Appendix: 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 Co. has been prepared on the following end-of-period spreadsheet for the year ended October 31, 20YS. In addition, the data for year-end adjustments are as follows: a. Fees earned but not yet billed, $24. b. Supplies on hand, $6. c. Insurance premiums expired, $30 d. Depreciation expense, $12. e. Wages accrued but not paid, $12. Enter the adjustment data and place the balances in the Adjusted Trial Balance columns. If an amount box does not require an entry leave it blank Alert Security Services Co. End-of-Period Spreadsheet (Work Sheet) For the Year Ended October 31, 2015 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Cr. Dr. Cr. Cr. Dr. Dr. Account Title Cash 90 240 Accounts Receivable Supplies 24 36 Prepaid Insurance 300 Land Prepaid Insurance 36 Land 300 Equipment 120 Accumulated Depreciation 12 Accounts Payable 108 Wages Payable 0 Brenda Schultz, Capital 564 Brenda Schultz, Drawing 24 Fees Earned 270 Wages Expense 60 Rent Expense 36 Insurance Expense 0 Utilities Expense 18 Supplies Expense 0 Depreciation Expense 0 Miscellaneous Expense 6 954 954 Totals

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_2

Step: 3

blur-text-image_3

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

Regulation Of The London Stock Exchange Share Trading, Fraud And Reform 1914-1945

Authors: Chris Swinson

1st Edition

0367887568, 9780367887568

More Books

Students also viewed these Accounting questions