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Complete Telegraphic Link's worksheet for the month ended November 30, 2016. Enter the adjustments in the adjustments columns of the worksheet. Key adjusting entries by
Complete Telegraphic Link's worksheet for the month ended November 30, 2016.
Enter the adjustments in the adjustments columns of the worksheet. Key adjusting entries by letter. Then complete the adjusted balances columns of the worksheet. (Abbreviations used: Acc. Depr. = Accumulated Depreciation; Equip. = Equipment.)
a. Accrued service revenue, $ 300. b. Depreciation, $ 350. c. Accrued salaries expense, $ 900. d. Prepaid rent expired, $ 400. e. Office Supplies used, $ 100.
How much was net income for November?
Many thanks!
Telegraphic Link Worksheet November 30, 2016 Unadjusted Trial Balance Adjustments Account Names Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Acc. Depr.-Equipment Debit Credit Debit Credit $3,300 3,200 1,300 3,300 32,200 $1,000
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