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Check the heading. The Trial balance is correct. The adjustments have many errors. Here is the correct adjustment data: a . Depreciation expense, store equipment,
Check the heading.
The Trial balance is correct.
The adjustments have many errors. Here is the correct adjustment data:
a Depreciation expense, store equipment, $
b Insurance Expired, $
c Store Supplies on hand, $
d Wages owed but not paid for they are an expense in the old year $
Correct the adjustment accounts, amounts, and placement in the debit or credit column.
Check and correct the adjusted Trial Balance column.
Check and correct the Income Statement and Balance Sheet columns.
Check and correct the totals including Net Income or Net Loss.
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