education.com/ext/map/index.html?_con=con&external_browser=0&launchurl=https%253A%252F%252Fims-mheducation.com/252Fmghmiddlew Ch. 4 Sad Required information [The following information applies to the questions displayed below) Tunstalt, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Credit Debit 46,200 10,500 610 760 18,000 9,000 9,960 2,240 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock 4,300 shares outstanding) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals 16,000 2.046 18,14 5,500 82,700 26,200 33,170 135,400 135,400 Data not yet recorded at December 31 included a. The supplies count on December 31 reflected $190 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $760. c. Depreciation expense for the current year. $4,000 d. Wages earned by employees not yet paid on December 31, $530 e. Income tax expense, $5,180. 3. Record the closing entry. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 3. Record the closing entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet education.com/ext/map/index.html?_con=con&external_browser=0&launchurl=https%253A%252F%252Fims-mheducation.com/252Fmghmiddlew Ch. 4 Sad Required information [The following information applies to the questions displayed below) Tunstalt, Inc., a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Credit Debit 46,200 10,500 610 760 18,000 9,000 9,960 2,240 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock 4,300 shares outstanding) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals 16,000 2.046 18,14 5,500 82,700 26,200 33,170 135,400 135,400 Data not yet recorded at December 31 included a. The supplies count on December 31 reflected $190 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $760. c. Depreciation expense for the current year. $4,000 d. Wages earned by employees not yet paid on December 31, $530 e. Income tax expense, $5,180. 3. Record the closing entry. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 3. Record the closing entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet
