Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(b) Prepare a trial balance at July 31 on a worksheet. c) Enter the following adjustments on the worksheet, and complete the worksheet (1)Depreciation on

(b) Prepare a trial balance at July 31 on a worksheet. c) Enter the following adjustments on the worksheet, and complete the worksheet (1)Depreciation on equipment for the month was $200 ( 2) One-twelfth of the insurance expired . (3) An inventory count shows $100 of supplies on hand at July 31 ( 4)Unpaid employee salaries were $500.
need help on the last probkem the first few pictures were answers to help with the last problem image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Karen White opened White Interior Decorating Service on July 1, 2022. During July, the company completed the following transactions July 1 Invested $17,900 cash in the business. 1 Purchased a used sewing machine for $10,000, paying $3,200 cash and the balance on account. 3 Purchased supplies for $800 on account. 5 Paid $1,992 on a 1-year insurance policy, effective July 1. 12 Billed customers $3,500 for decorating services. 18 Paid $1,200 of amount owed on sewing machine, and \$220 of amount owed on supplies. 20 Paid $1,600 for employee salaries. 21 Collected $1,800 from customers billed on july 12. 25 Billed customers $1,700 for decorating services. 31 Paid utilities for the month, $200. 31 Withdrew $500 cash for personaluse. \begin{tabular}{l} Debit \\ \hline 17,900 \\ \hline \end{tabular} Question Part Score 18.37/: (b) Prepare a trial balance at huly 31 on a workshett. (c) Enter the following acfintments on the wiris a teet and coeplete the worksheet. (1) Depreciation on equipment for the month was $200. (2) One-twelfth of the irsurance expired (3) Aniwentarycount shows $100 of supelet on tand at luy 31 (4) Unpaidemployee salaries wese $500. (9) Prepwtatialbatance at luy 11 ona writeet (i) Coe-twemt of the inturnce opired (b) Pricpare atrial balance at luy 31 co a worlehett (c) Enter the following adfustments on the worisheet and complete the workstett. (1) Depreriation on equitmert for the moreh was 5200 (2) One tweith of the insurence oxpirts. (3). An inventory count shows 5100 of yucples on tand at W Wy 31. (d) Unovid einciove salaries were 5500

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

Auditing A Practical Approach

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

3rd Canadian edition

1-119-40285-5, 111940276X, 978-1119566007

More Books

Students also viewed these Accounting questions

Question

write about your research methods.

Answered: 1 week ago