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 transcribedimage 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, 20Y5. In addition, the data for year-end adjustments are as follows: a. Fees earned but not yet billed, $39. b. Supplies on hand, $10. C. Insurance premiums expired, $49. d. Depreciation expense, $20. e. Wages accrued but not paid, $20. 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 Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 147 Accounts Receivable 392 Supplies 39 Prepaid Insurance 59 Land 490 Equipment 196 Accumulated Depreciation 20 Accounts Payable 176 Wages Payable 0 Wages Payable O Brenda Schultz, Capital 921 Brenda Schultz, Drawing 39 Fees Earned 441 Wages Expense 98 Rent Expense 59 Insurance Expense 0 Utilities Expense 29 Supplies Expense O hull Depreciation Expense 0 Miscellaneous Expense 10 Totals 1,558 1,558

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

Connect For Financial Accounting Fundamentals

Authors: Author

8th Edition

126411169X, 9781264111695

More Books

Students also viewed these Accounting questions