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Concord Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed the following data. Concord Co. Worksheet (Partial) For
Concord Co. prepares monthly financial statements from a worksheet. Selected portions of the January worksheet showed the following data. Concord Co. Worksheet (Partial) For the Month Ended January 31, 2025 Trial Balance Adjustments Adjusted Trial Balance Accounts Title Debit Credit Debit Credit Debit Credit Supplies 3,343 1.630 1,713 Accumulated Depreciation-Equipment 7,104 275 7.379 Interest Payable 108 54 162 Supplies Expense Depreciation Expense Interest Expense 1.630 1,630 275 275 54 54 During February, no events occurred that affected these accounts. But at the end of February, the following information was available. (a) Supplies on hand $698 (b) Monthly depreciation $275 (c) Accrued interest $54 Accounts Titles Supplies Accumulated Depreciation-Equipment Interest Payable Supplies Expense Depreciation Expense Interest Expense Trial Balance Dr. Cr. Dr. Indicate the amounts that would be shown in the February Income statement (a) Supplies expense Amount shown in Income Statement S (b) Depreciation expense 15 275 (c) Interest expense $ 54 Adj Adjustments Adjusted Trial Balance Dr. Cr. Dr. Cr. Indicate the amounts that would be shown in the February income statement. (a) Supplies expense Amount shown in Income Statement $ (b) Depreciation expense S 275 (c) Interest expense 54 Income Statement Balance Sheet Dr. Cr. Dr. Cr. Indicate the amounts that would be shown in the February Income statement Amount shown in Income Statement (a) Supplies expense S (b) Depreciation expense S 275 (c) Interest expense $ 54
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