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E.Pace Consulting Work Sheet For the Year Ended December 31. 2021 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Titles Dr. Cr. Dr. Cr. Dr.
E.Pace Consulting | |||||||||
Work Sheet | |||||||||
For the Year Ended December 31. 2021 | |||||||||
Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | |||||||
Account Titles | Dr. | Cr. | Dr. | Cr. | Dr. | Cr. | |||
Cash | 8,000 | ||||||||
10,000 | |||||||||
Supplies | 6,000 | ||||||||
Equipment | 14,000 | ||||||||
Accum. Depr-Eqpt. | 4,000 | ||||||||
Accounts Payable | 5,000 | ||||||||
Unearned Revenues | 5,000 | ||||||||
Salaries Payable | |||||||||
Common Stock | 3,000 | ||||||||
Retained Earnings | 15,500 | ||||||||
Dividends | 1,500 | ||||||||
Revenue Earned | 20,000 | << | |||||||
(include above) | |||||||||
Salaries Expense | 9,000 | ||||||||
Rent Expense | 4,000 | ||||||||
Supplies Expense | |||||||||
Depreciation Expense | |||||||||
Totals | 52,500 | 52,500 | |||||||
Required: | |||||||||
a. Using the following information, complete the work sheet including totals for each column and extending each | |||||||||
account to the adjusted trial balance columns. | |||||||||
a) | Salaries earned by employees that wwere unpaid and unrecorded at year end, $2,000. | ||||||||
b) | A count of supplies costing $1,300 were still on hand at year end. | ||||||||
c) | Depreciation expense for the year is $4,000. | ||||||||
d) | Review of Unearned Revenue confirmed $3,000 had been earned. | ||||||||
e) | Revenue of $6,000 had been earned but not yeat billed. | ||||||||
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