Christie Williams offers family counseling services specializing in financial and marital problems. A trial balance at December 31, 20 is shown prepare the work sheet for the year ended December 31, 20 prepare adjusting entries in a general journal.
Chart of Accounts Kristi Williams Family Counseling Services General Ledger ASSETS 101 Cash 142. Office Supplies 145 Prepaid Insurance 181 Office Equipment 181.1 Accumulated Depreciation-Ofice Equipment 187 Computer Equipment 187. 1 Accumulated Depreciation-Computer Equipment REVENUE 401 Client Fees EXPENSES 511 Wages Expense 521 Rent Expense 523 Ofice Supplies Expense 533 Utities Expense 535 Insurance Expense Prepart the work sheet for the year ended December 31,20 - Mastery Problem Iristructions Chart of Accounts Worksheet General Journal Instructions Chart of Accounts Worksheet General Joumal 1. 2. Propare adjusting entries in a general joumal Ad Generd voumel instnuctions GENERAL JOURLAL oste ACCovirT Tithe post ReP. DEBT Adjusting Entries pAOE 1 unseling Services et jmber 31, 20 . ADNSTMENTS Information for year-end adjustments is as shown: (a) Office supplies on hand at year-end amounted to $100 (b) On January 1,20-, Wellams purchased office equipment that cost $18,000, It has an expected usefut life of 10 years and no salvage value. (c) On July 1, 20-, Willams purchased computer equipment costing $6,000. It has an expected useful life of three years and no salvage value Assume that Wiliams compules depreciation to the nearest full month (d) On December 1,20-, Whams paid a premium of $600 for a sbx-month insurance policy Required: 1. Prepare the work sheet for the year ended December 31, 20 . 2. Prepare adjusing entnes in a generat jouma? Chart of Accounts Kristi Williams Family Counseling Services General Ledger ASSETS 101 Cash 142. Office Supplies 145 Prepaid Insurance 181 Office Equipment 181.1 Accumulated Depreciation-Ofice Equipment 187 Computer Equipment 187. 1 Accumulated Depreciation-Computer Equipment REVENUE 401 Client Fees EXPENSES 511 Wages Expense 521 Rent Expense 523 Ofice Supplies Expense 533 Utities Expense 535 Insurance Expense Prepart the work sheet for the year ended December 31,20 - Mastery Problem Iristructions Chart of Accounts Worksheet General Journal Instructions Chart of Accounts Worksheet General Joumal 1. 2. Propare adjusting entries in a general joumal Ad Generd voumel instnuctions GENERAL JOURLAL oste ACCovirT Tithe post ReP. DEBT Adjusting Entries pAOE 1 unseling Services et jmber 31, 20 . ADNSTMENTS Information for year-end adjustments is as shown: (a) Office supplies on hand at year-end amounted to $100 (b) On January 1,20-, Wellams purchased office equipment that cost $18,000, It has an expected usefut life of 10 years and no salvage value. (c) On July 1, 20-, Willams purchased computer equipment costing $6,000. It has an expected useful life of three years and no salvage value Assume that Wiliams compules depreciation to the nearest full month (d) On December 1,20-, Whams paid a premium of $600 for a sbx-month insurance policy Required: 1. Prepare the work sheet for the year ended December 31, 20 . 2. Prepare adjusing entnes in a generat jouma
