Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Can you please prepare a trial balance for a company. the amounts are cash 5840 accounts receivable 850 supplies 1100 equipment 9360 accumulated equipment 3900

Can you please prepare a trial balance for a company. the amounts are cash 5840 accounts receivable 850 supplies 1100 equipment 9360 accumulated equipment 3900 unearned revenue 1500 capital 11750

the transactions are the following

July 2 paid $750 cash for rent

July 10 purchased $200 of supplies for cash

July 14 collected the full balance of accounts receivable- this may not be included

July 20 received $700 cash from a customer for services to be provided in August

July 25 provided $1300 of services for a customer and immediately collected cash

please prepare an adjusted trail balance worksheet after the transactions

#1 at July 31 the company had provided $800 of services for a customer that it had not billed or recorded

#2 supplies on hand at July 31 were $800

#3 the equipment has a six year useful life

#4 as at July 31, the company had performed services of $900 that had been paid in advance and was recorded as unearned revenue

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

Accounting Principles

Authors: Jerry J. Weygandt, Valerie A. Kinnear, Donald E. Kieso, Paul D. Kimmel, Barbara A. Trenholm, Joan E. Barlow

6th Canadian Edition

1118557301, 978-1118557303

More Books

Students explore these related Accounting questions