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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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Financial Accounting Information For Decisions
Authors: John J. Wild
10th Edition
9781260705584
