Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Deborah Consultants had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. Calculate the amount of service revenue and

Deborah Consultants had the following accounts and account balances after adjusting entries. Assume all accounts have normal balances. Calculate the amount of service revenue and prepare the adjusted trial balance for Deborah Consultants as of December 31, 2015.

Cash $6,000

Deborah, Withdrawals $3,000

Accounts Receivable 2,000

Office Supplies 1,800

Salaries Expense 4,000

Equipment 15,000

Rent Expense 800

--Accumulated Depreciation--

Equipment 9,000

Deborah, Capital 15,000

--Depreciation Expense--

Equipment 1,500

Supplies Expense 500

a) Service Revenue = ?

b) Adjusted Trial Balance

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

Step: 3

blur-text-image

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

Auditing

Authors: Karla M. Johnstone, Audrey A. Gramling, Larry E. Rittenberg

8th International Edition

0538477660, 978-0538477666

More Books

Students also viewed these Accounting questions

Question

What is meant by functional currency and how it is determined?

Answered: 1 week ago

Question

3. How has e-commerce transformed marketing?

Answered: 1 week ago