Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E.Pace Consulting Work Sheet For the Year Ended December 31. 2021 Unadjusted Trial Balance Dr. Cr. Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. Account

image text in transcribed

E.Pace Consulting Work Sheet For the Year Ended December 31. 2021 Unadjusted Trial Balance Dr. Cr. Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. Account Titles Cash 8,000 10,000 6,000 14,000 4,000 5,000 5,000 Supplies Equipment Accum. Depr-Eqpt. Accounts Payable Unearned Revenues Salaries Payable Common Stock Retained Earnings Dividends Revenue Earned 3,000 15,500 1,500 20,000 (include above) 9,000 4,000 Salaries Expense Rent Expense 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

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

Accounting And Finance For Non-Specialists

Authors: Eddie McLaney, Peter Atrill

3rd Edition

9780273646327

More Books

Students also viewed these Accounting questions

Question

Is the style consistent?

Answered: 1 week ago

Question

Does your strategic intent play to your strengths?

Answered: 1 week ago