Question
Dec 1: Prepaid a 24 month insurance policy (coverage starting immediately) for $2,400 cash. Dec 7: Purchased supplies for $2,000 cash. Dec 13: Agreed to
Dec 1: Prepaid a 24 month insurance policy (coverage starting immediately) for $2,400 cash.
Dec 7: Purchased supplies for $2,000 cash.
Dec 13: Agreed to do $10,000 worth of work for Telo over the next 30 days. Payment is to be recieved when the work is completed on Jan 12.
Dec 24: Received $4,000 cash in advance to perform work for ABX over the next four weeks.
Dec 31st: Year ends
Jan 5: Paid wages of $800 cash to workers.
Jan 12: Received $10,000 cash from Telo for work performed over the past 30 days.
Supplies remaining at year end: $700
Wages earned by workers but not yet paid at year end: $500
Required information Tableau DA 3-3 (Static): Mini-Case, Analyzing adjusting entries and preparing an adjusted trial balance LO P5 [The following information applies to the questions displayed below.] Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End Tableau DA 3-3 (Static): Mini-Case, Preparing an adjusted trial balance 2. Enter the December 31 adjustments in the following table for prepaid insurance, supplies, accrued wages, accrued revenue, and unearned revenue. Then, complete the adjusted trial balance by entering the adjusted balance for each of the accountsStep by Step Solution
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